M Holdings Securities Inc. purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 3rd quarter, HoldingsChannel reports. The firm purchased 7,257 shares of the semiconductor manufacturer’s stock, valued at approximately $224,000.
Several other large investors also recently made changes to their positions in the company. Swedbank acquired a new stake in Advanced Micro Devices in the third quarter valued at $152,865,000. Norinchukin Bank The increased its holdings in Advanced Micro Devices by 18.2% in the third quarter. Norinchukin Bank The now owns 110,344 shares of the semiconductor manufacturer’s stock valued at $3,409,000 after purchasing an additional 16,991 shares during the period. OmniStar Financial Group Inc. acquired a new stake in Advanced Micro Devices in the second quarter valued at $316,000. Barometer Capital Management Inc. acquired a new stake in Advanced Micro Devices in the third quarter valued at $3,265,000. Finally, Renaissance Technologies LLC increased its holdings in Advanced Micro Devices by 541.5% in the second quarter. Renaissance Technologies LLC now owns 7,427,326 shares of the semiconductor manufacturer’s stock valued at $111,336,000 after purchasing an additional 6,269,500 shares during the period. Institutional investors own 59.00% of the company’s stock.
NASDAQ:AMD opened at $19.50 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.76 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 243.75, a PEG ratio of 3.90 and a beta of 3.68. Advanced Micro Devices, Inc. has a 52 week low of $9.04 and a 52 week high of $34.14.
In other Advanced Micro Devices news, CFO Devinder Kumar sold 75,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $17.56, for a total value of $1,317,000.00. 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 175,553 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $21.73, for a total transaction of $3,814,766.69. Following the completion of the sale, the chief executive officer now owns 2,482,683 shares of the company’s stock, valued at approximately $53,948,701.59. The disclosure for this sale can be found here. In the last quarter, insiders sold 592,390 shares of company stock valued at $12,877,211. Company insiders own 1.80% of the company’s stock.
A number of analysts recently weighed in on AMD shares. Craig Hallum increased their price objective on Advanced Micro Devices from $21.00 to $27.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. Morgan Stanley reiterated an “underweight” rating and set a $28.00 price target (up from $11.00) on shares of Advanced Micro Devices in a report on Wednesday, September 19th. Cowen reiterated an “outperform” rating and set a $33.00 price target (up from $30.00) on shares of Advanced Micro Devices in a report on Thursday, October 18th. MKM Partners increased their price objective on shares of Advanced Micro Devices from $13.50 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Finally, BMO Capital Markets cut their price objective on shares of Advanced Micro Devices from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.16.
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About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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