PKS Advisory Services LLC Makes New $482,000 Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

PKS Advisory Services LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,989 shares of the semiconductor manufacturer’s stock, valued at approximately $482,000.

A number of other large investors have also recently made changes to their positions in AMD. Howard Capital Management Group LLC boosted its position in Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. lifted its stake 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 worth $416,430,000 after purchasing an additional 588,595 shares during the period. United Bank bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth approximately $516,000. Eagle Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 39.9% in the third quarter. Eagle Asset Management Inc. now owns 21,810 shares of the semiconductor manufacturer’s stock worth $3,579,000 after buying an additional 6,216 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC grew its position in Advanced Micro Devices by 60.7% during the third quarter. Douglass Winthrop Advisors LLC now owns 2,171 shares of the semiconductor manufacturer’s stock valued at $356,000 after buying an additional 820 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. KeyCorp lowered their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Susquehanna reduced their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Stifel Nicolaus cut their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $114.81 on Wednesday. The firm has a market capitalization of $186.05 billion, a price-to-earnings ratio of 115.97, a PEG ratio of 1.11 and a beta of 1.74. 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 business has a 50 day simple moving average of $110.18 and a 200-day simple moving average of $131.46. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28.

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

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

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.