Cutter & CO Brokerage Inc. Acquires 275 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cutter & CO Brokerage Inc. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,015 shares of the semiconductor manufacturer’s stock after acquiring an additional 275 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Advanced Micro Devices were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Peoples Bank KS bought a new stake in Advanced Micro Devices during the 3rd quarter valued at approximately $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices in the 3rd quarter worth approximately $27,000. Finally, Oliver Lagore Vanvalin Investment Group grew its holdings in Advanced Micro Devices by 36.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 72 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMD. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. DZ Bank restated a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research note on Wednesday, January 31st. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Morgan Stanley upped their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.36 during midday trading on Wednesday, reaching $151.91. The stock had a trading volume of 32,545,209 shares, compared to its average volume of 73,410,766. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a fifty day simple moving average of $178.79 and a two-hundred day simple moving average of $149.88. The stock has a market cap of $245.51 billion, a PE ratio of 294.33, a P/E/G ratio of 2.26 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

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.