Bell Bank Buys 302 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bell Bank lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,973 shares of the semiconductor manufacturer’s stock after buying an additional 302 shares during the quarter. Bell Bank’s holdings in Advanced Micro Devices were worth $1,084,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. Creative Capital Management Investments LLC lifted its holdings 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 worth $25,000 after buying an additional 86 shares in the last quarter. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $26,000. FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at about $32,000. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent research reports. Argus raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Thursday, February 6th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. TD Cowen decreased their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value 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 approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 2.9 %

Shares of AMD opened at $110.84 on Friday. The company has a market capitalization of $179.61 billion, a PE ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65. The stock’s 50-day moving average price is $118.84 and its two-hundred day moving average price is $137.94. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.