Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Bank of Marin

Bank of Marin raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,535 shares of the semiconductor manufacturer’s stock after buying an additional 528 shares during the period. Bank of Marin’s holdings in Advanced Micro Devices were worth $789,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Swedbank AB grew its holdings in shares of Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after buying an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC increased its position in shares of Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares during the period. Principal Financial Group Inc. increased its position in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after acquiring an additional 588,595 shares during the period. United Bank acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $516,000. Finally, Aviance Capital Partners LLC increased its position in shares of Advanced Micro Devices by 93.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 52,350 shares of the semiconductor manufacturer’s stock valued at $8,590,000 after acquiring an additional 25,235 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the 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 transaction, 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 acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMD shares. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Bank of America cut their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Benchmark reaffirmed a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Trading Down 1.0 %

AMD opened at $103.51 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company’s 50 day simple moving average is $111.08 and its two-hundred day simple moving average is $132.53. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.69. The firm has a market capitalization of $167.74 billion, a price-to-earnings ratio of 104.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

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

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.