Meitav Investment House Ltd. Has $469,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Meitav Investment House Ltd. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,881 shares of the semiconductor manufacturer’s stock after buying an additional 1,130 shares during the period. Meitav Investment House Ltd.’s holdings in Advanced Micro Devices were worth $469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Creative Capital Management Investments LLC increased its holdings in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the period. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $32,000. Compass Financial Services Inc acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $39,000. Finally, FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices during the 3rd quarter worth about $41,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $114.17 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The company’s 50 day moving average price is $119.16 and its two-hundred day moving average price is $138.11. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market cap of $185.01 billion, a P/E ratio of 115.32, a P/E/G ratio of 1.15 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last posted 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 net margin of 6.36% and a return on equity of 7.42%. On average, equities 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 the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were bought 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 in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent analyst reports. Bank of America decreased their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. UBS Group decreased their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Two equities research 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’s stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $158.70.

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.