Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Boosted by Ethic Inc.

Ethic Inc. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,080 shares of the semiconductor manufacturer's stock after buying an additional 15,635 shares during the quarter. Ethic Inc.'s holdings in Advanced Micro Devices were worth $8,707,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $25,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $31,000. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $32,000. Finally, IAG Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $33,000 after acquiring an additional 118 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Up 5.1%

Shares of Advanced Micro Devices stock traded up $5.28 on Monday, reaching $108.12. The company had a trading volume of 50,412,596 shares, compared to its average volume of 42,582,628. The firm's 50 day moving average price is $97.41 and its two-hundred day moving average price is $116.14. The firm has a market cap of $175.31 billion, a PE ratio of 109.21, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company's revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Susquehanna decreased their price target on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, April 30th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Robert W. Baird dropped their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.13.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.