Nicholas Company Inc. Has $49.71 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nicholas Company Inc. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 411,557 shares of the semiconductor manufacturer’s stock after acquiring an additional 73,264 shares during the period. Nicholas Company Inc.’s holdings in Advanced Micro Devices were worth $49,712,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Bedell Frazier Investment Counselling LLC grew its holdings in Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 74 shares during the last quarter. NCM Capital Management LLC grew its holdings in Advanced Micro Devices by 0.9% during the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after acquiring an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 15.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after purchasing an additional 76 shares during the last quarter. Northeast Financial Consultants Inc boosted its stake in shares of Advanced Micro Devices by 2.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock valued at $479,000 after purchasing an additional 81 shares during the last quarter. Finally, Abel Hall LLC boosted its stake in shares of Advanced Micro Devices by 4.6% in the 3rd quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock valued at $304,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. KeyCorp reduced their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 2.9 %

AMD stock opened at $100.97 on Friday. 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 has a fifty day moving average price of $112.05 and a two-hundred day moving average price of $133.23. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $193.50. The stock has a market cap of $163.62 billion, a price-to-earnings ratio of 101.99, 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, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices 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.