Stonegate Investment Group LLC Buys 145,067 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stonegate Investment Group LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 512,428 shares of the semiconductor manufacturer's stock after purchasing an additional 145,067 shares during the period. Advanced Micro Devices comprises approximately 1.7% of Stonegate Investment Group LLC's investment portfolio, making the stock its 21st biggest position. Stonegate Investment Group LLC's holdings in Advanced Micro Devices were worth $61,896,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMD. Magnolia Capital Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $1,019,000. Silver Lake Advisory LLC lifted its stake in Advanced Micro Devices by 83.5% in the second quarter. Silver Lake Advisory LLC now owns 2,178 shares of the semiconductor manufacturer's stock valued at $353,000 after buying an additional 991 shares during the period. Northeast Financial Consultants Inc boosted its holdings in shares of Advanced Micro Devices by 12.4% during the 2nd quarter. Northeast Financial Consultants Inc now owns 2,839 shares of the semiconductor manufacturer's stock worth $461,000 after buying an additional 314 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of Advanced Micro Devices by 224.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 19,991 shares of the semiconductor manufacturer's stock worth $3,243,000 after buying an additional 13,822 shares during the period. Finally, Invst LLC increased its stake in shares of Advanced Micro Devices by 9.0% in the 2nd quarter. Invst LLC now owns 1,590 shares of the semiconductor manufacturer's stock valued at $251,000 after acquiring an additional 131 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AMD shares. Susquehanna reduced their price target on shares of Advanced Micro Devices from $200.00 to $165.00 and set a "positive" rating for the company in a report on Wednesday. Benchmark reiterated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 31st. Melius Research restated a "hold" rating and set a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday. Citigroup cut their target price on Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Finally, UBS Group decreased their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $171.04.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last quarter. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD traded down $2.84 during mid-day trading on Friday, reaching $116.02. 33,866,638 shares of the stock traded hands, compared to its average volume of 38,489,496. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $112.80 and a 1 year high of $227.30. The company has a market cap of $188.28 billion, a price-to-earnings ratio of 104.52, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66. The firm has a fifty day moving average price of $126.37 and a 200 day moving average price of $141.93.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share 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.