Bridgeway Capital Management LLC Invests $20.40 Million in Advanced Micro Devices, Inc. $AMD

Bridgeway Capital Management LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 143,763 shares of the semiconductor manufacturer’s stock, valued at approximately $20,400,000.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in shares of Advanced Micro Devices by 18.2% during the first quarter. Vestmark Advisory Solutions Inc. now owns 29,054 shares of the semiconductor manufacturer’s stock valued at $2,985,000 after acquiring an additional 4,482 shares in the last quarter. Trivium Point Advisory LLC boosted its holdings in shares of Advanced Micro Devices by 7.3% in the first quarter. Trivium Point Advisory LLC now owns 3,059 shares of the semiconductor manufacturer’s stock valued at $314,000 after purchasing an additional 207 shares during the period. Finally, Azimuth Capital Investment Management LLC boosted its holdings in shares of Advanced Micro Devices by 49.7% in the first quarter. Azimuth Capital Investment Management LLC now owns 80,249 shares of the semiconductor manufacturer’s stock valued at $8,245,000 after purchasing an additional 26,635 shares during the period. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. UBS Group lifted their price objective on Advanced Micro Devices from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Morgan Stanley reiterated an “equal weight” rating and set a $260.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Erste Group Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Finally, Citigroup upped their price target on shares of Advanced Micro Devices from $215.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $278.54.

Advanced Micro Devices Stock Down 4.8%

Shares of Advanced Micro Devices stock opened at $210.78 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The company has a market cap of $343.16 billion, a P/E ratio of 104.35, a PEG ratio of 1.64 and a beta of 1.93. The firm’s 50 day moving average price is $231.11 and its 200-day moving average price is $179.11. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period last year, the firm earned $0.92 earnings per share. Advanced Micro Devices’s revenue was up 35.6% compared to the same quarter last year. On average, sell-side analysts predict 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, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the sale, the chief executive officer directly owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the sale, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. The trade was a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 183,476 shares of company stock worth $40,249,093 over the last quarter. Company insiders own 0.06% of the company’s stock.

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.