Pineridge Advisors LLC Has $77,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pineridge Advisors LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 561.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 635 shares of the semiconductor manufacturer’s stock after purchasing an additional 539 shares during the quarter. Pineridge Advisors LLC’s holdings in Advanced Micro Devices were worth $77,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AMD. Wealth Effects LLC raised its stake in Advanced Micro Devices by 0.7% during the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares during the period. Jacobsen Capital Management increased its holdings in shares of Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after acquiring an additional 70 shares in the last quarter. Sigma Investment Counselors Inc. raised its position in shares of Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after purchasing an additional 74 shares during the period. Bedell Frazier Investment Counselling LLC lifted its holdings in shares of 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 valued at $292,000 after purchasing an additional 74 shares in the last quarter. Finally, Aurora Investment Managers LLC. grew its position in shares of Advanced Micro Devices by 0.5% in the 3rd quarter. Aurora Investment Managers LLC. now owns 13,768 shares of the semiconductor manufacturer’s stock valued at $2,259,000 after purchasing an additional 75 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

AMD opened at $110.48 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The business has a 50 day moving average of $123.42 and a 200-day moving average of $139.71. The stock has a market cap of $179.03 billion, a price-to-earnings ratio of 111.60, a PEG ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. Susquehanna dropped their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Bank of America cut their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Wells Fargo & Company lowered their target price on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $158.70.

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.