Blue Fin Capital Inc. Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Blue Fin Capital Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 11.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,664 shares of the semiconductor manufacturer’s stock after buying an additional 683 shares during the period. Blue Fin Capital Inc.’s holdings in Advanced Micro Devices were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $27,000. Mine & Arao Wealth Creation & Management LLC. increased its stake in shares of Advanced Micro Devices by 1,915.8% in the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 364 shares during the last quarter. JNBA Financial Advisors increased its stake in shares of Advanced Micro Devices by 36.6% in the second quarter. JNBA Financial Advisors now owns 429 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Sierra Capital LLC increased its stake in shares of Advanced Micro Devices by 279.5% in the second quarter. Sierra Capital LLC now owns 444 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 327 shares during the last quarter. Finally, Samalin Investment Counsel LLC increased its stake in shares of Advanced Micro Devices by 112.5% in the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $37,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $70.07 on Monday. The company has a current ratio of 2.16, a quick ratio of 1.65 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $69.62 and its two-hundred day moving average price is $74.80. Advanced Micro Devices, Inc. has a 52 week low of $54.57 and a 52 week high of $132.96. The stock has a market cap of $112.98 billion, a PE ratio of 41.96, a price-to-earnings-growth ratio of 2.00 and a beta of 2.04.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The semiconductor manufacturer reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.58 billion. Advanced Micro Devices had a return on equity of 11.17% and a net margin of 9.96%. During the same quarter in the previous year, the firm posted $0.66 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 16,153 shares of the business’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $70.95, for a total transaction of $1,146,055.35. Following the sale, the executive vice president now owns 113,875 shares in the company, valued at approximately $8,079,431.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AMD shares. JPMorgan Chase & Co. dropped their price target on shares of Advanced Micro Devices from $120.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, October 7th. Wells Fargo & Company dropped their price target on shares of Advanced Micro Devices from $130.00 to $90.00 and set an “overweight” rating for the company in a research note on Wednesday, October 5th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 16th. Susquehanna Bancshares decreased their price objective on shares of Advanced Micro Devices to $95.00 in a report on Friday, September 30th. Finally, HSBC assumed coverage on shares of Advanced Micro Devices in a report on Monday, October 24th. They issued a “hold” rating and a $60.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.19.

About Advanced Micro Devices

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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