BankPlus Trust Department Makes New $39,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

BankPlus Trust Department purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, Holdings Channel.com reports. The firm purchased 323 shares of the semiconductor manufacturer’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% in 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 in the last quarter. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $26,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $32,000. Finally, Compass Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $39,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Argus set a $160.00 target price on Advanced Micro Devices in a report on Thursday, February 6th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Benchmark reissued a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, KeyCorp lowered their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Stock Down 3.8 %

AMD stock opened at $103.96 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $168.47 billion, a price-to-earnings ratio of 105.01, a PEG ratio of 1.11 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $103.62 and a fifty-two week high of $227.30. The stock has a fifty day moving average of $118.05 and a 200-day moving average of $137.65.

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

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices 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 sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Company Profile

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.