Vestor Capital LLC Has $4.86 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vestor Capital LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2,434.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,972 shares of the semiconductor manufacturer's stock after buying an additional 31,671 shares during the quarter. Vestor Capital LLC's holdings in Advanced Micro Devices were worth $4,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Chase Investment Counsel Corp boosted its stake in Advanced Micro Devices by 0.7% in the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer's stock worth $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $231,000. Pathway Financial Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $229,000. Independence Bank of Kentucky boosted its stake in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer's stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $1,759,000. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 over the last three months. 0.65% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, January 31st. Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and set a "buy" rating for the company in a report on Wednesday, May 1st. Wedbush restated an "outperform" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Northland Securities upgraded Advanced Micro Devices from a "market perform" rating to an "outperform" rating and set a $195.00 price objective for the company in a report on Wednesday, January 31st. Finally, New Street Research raised Advanced Micro Devices from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $183.94.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.47 during midday trading on Friday, reaching $151.92. 37,615,622 shares of the company's stock traded hands, compared to its average volume of 69,997,344. The stock's 50-day moving average is $173.27 and its 200 day moving average is $153.23. The stock has a market cap of $245.55 billion, a P/E ratio of 223.41, a PEG ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion during the quarter, compared to analysts' expectations of $5.48 billion. During the same period last year, the company posted $0.43 earnings per share. Advanced Micro Devices's quarterly revenue was up 2.2% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

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.

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