Telemus Capital LLC Purchases New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Telemus Capital LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, Holdings Channel reports. The firm purchased 2,855 shares of the semiconductor manufacturer’s stock, valued at approximately $421,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Peoples Bank KS purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the third quarter worth $27,000. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth $30,000. Finally, Raleigh Capital Management Inc. increased its position in Advanced Micro Devices by 54.8% in the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 109 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the transaction, the executive vice president now owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,143 shares of company stock worth $62,580,844. Company insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent research reports. TD Cowen raised their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Finally, Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Trading Up 1.4 %

Shares of AMD stock opened at $148.64 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $179.18 and a two-hundred day moving average price of $149.56. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The firm has a market cap of $240.22 billion, a P/E ratio of 285.85, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

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.