Riggs Asset Managment Co. Inc. Buys New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Riggs Asset Managment Co. Inc. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,189 shares of the semiconductor manufacturer's stock, valued at approximately $2,239,000.

Several other large investors have also recently bought and sold shares of the company. Peoples Bank KS bought a new position in Advanced Micro Devices during the 3rd quarter worth $26,000. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the third quarter worth about $27,000. Castleview Partners LLC lifted its stake in shares of Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 90 shares during the period. Gables Capital Management Inc. bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $30,000. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. Wedbush reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. UBS Group lifted their price objective on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, January 25th. TD Cowen boosted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday. KeyCorp raised their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 31st. Finally, Northland Securities raised Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 price target on the stock in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $185.59.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $8.44 during midday trading on Friday, reaching $146.64. The company's stock had a trading volume of 71,618,197 shares, compared to its average volume of 57,647,340. The stock has a market capitalization of $236.99 billion, a P/E ratio of 282.01, a PEG ratio of 2.36 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm has a 50 day moving average price of $179.64 and a 200-day moving average price of $148.92. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.13 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The business's revenue was up 10.2% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business's stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company's stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Company 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.