Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Boosted by United Bank

United Bank increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 111.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 6,650 shares of the semiconductor manufacturer’s stock after buying an additional 3,503 shares during the quarter. United Bank’s holdings in Advanced Micro Devices were worth $803,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 3.2 %

Shares of NASDAQ AMD opened at $103.22 on Friday. The stock has a fifty day moving average price of $109.39 and a 200 day moving average price of $130.82. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market cap of $167.27 billion, a P/E ratio of 104.26, a P/E/G ratio of 1.11 and a beta of 1.74.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AMD shares. Stifel Nicolaus reduced their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Susquehanna reduced their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Finally, Roth Capital set a $140.00 price target on Advanced Micro Devices 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 given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Insiders Place Their Bets

In other news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.

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.