Outfitter Financial LLC Acquires 285 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Outfitter Financial LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,105 shares of the semiconductor manufacturer’s stock after acquiring an additional 285 shares during the period. Outfitter Financial LLC’s holdings in Advanced Micro Devices were worth $375,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Creative Capital Management Investments LLC raised its position in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $32,000. Finally, Compass Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.5 %

AMD stock opened at $114.17 on Friday. The stock’s 50 day moving average is $119.16 and its 200-day moving average is $138.11. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The firm has a market capitalization of $185.01 billion, a PE ratio of 115.32, a P/E/G ratio of 1.15 and a beta of 1.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the business’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 disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of several analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Friday, February 7th. Argus raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Thursday, February 6th. Finally, Susquehanna lowered their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.