Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Summa Corp.

Summa Corp. boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,200 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,900 shares during the period. Advanced Micro Devices accounts for about 7.5% of Summa Corp.’s investment portfolio, making the stock its 2nd biggest holding. Summa Corp.’s holdings in Advanced Micro Devices were worth $15,365,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Milestone Asset Management LLC raised its stake in Advanced Micro Devices by 44.7% in the fourth quarter. Milestone Asset Management LLC now owns 9,656 shares of the semiconductor manufacturer’s stock valued at $1,166,000 after buying an additional 2,982 shares during the period. USAdvisors Wealth Management LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $246,000. Ibex Wealth Advisors bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $4,233,000. Invesco LLC raised its stake in Advanced Micro Devices by 7.9% in the fourth quarter. Invesco LLC now owns 2,252 shares of the semiconductor manufacturer’s stock valued at $272,000 after buying an additional 164 shares during the period. Finally, Swedbank AB raised its stake in Advanced Micro Devices by 5.7% in the fourth quarter. Swedbank AB now owns 2,273,721 shares of the semiconductor manufacturer’s stock valued at $274,643,000 after buying an additional 122,085 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 Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. KeyCorp dropped their price objective on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. UBS Group lowered their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, Roth Mkm reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $171.86.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $117.35 on Thursday. Advanced Micro Devices, Inc. has a twelve month low of $112.80 and a twelve month high of $227.30. The stock’s 50 day moving average price is $127.14 and its 200-day moving average price is $142.27. The company has a market capitalization of $190.44 billion, a PE ratio of 105.72, a PEG ratio of 1.09 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current 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.