Welch Group LLC Purchases 2,981 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Welch Group LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,466 shares of the semiconductor manufacturer's stock after purchasing an additional 2,981 shares during the period. Welch Group LLC's holdings in Advanced Micro Devices were worth $6,179,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Creative Capital Management Investments LLC increased its position in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares during the last quarter. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $32,000. FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $41,000. Finally, Coston McIsaac & Partners increased its stake in shares of Advanced Micro Devices by 319.4% during the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer's stock valued at $42,000 after buying an additional 198 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 2.4 %

Shares of NASDAQ:AMD traded down $2.63 during mid-day trading on Friday, reaching $107.53. 40,441,647 shares of the stock were exchanged, compared to its average volume of 43,311,699. The company has a market cap of $174.50 billion, a P/E ratio of 96.87, a P/E/G ratio of 1.03 and a beta of 1.66. The stock's 50 day simple moving average is $124.01 and its 200-day simple moving average is $140.18. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMD. TD Cowen decreased their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, January 13th. UBS Group reduced their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Cantor Fitzgerald reiterated an "overweight" rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. KeyCorp dropped their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday. Finally, HSBC restated a "reduce" rating and issued a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.70.

About Advanced Micro Devices

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.