Guggenheim Capital LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,491,166 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,486,494 shares during the period. Guggenheim Capital LLC owned about 0.57% of Advanced Micro Devices worth $56,450,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Advanced Micro Devices by 1,655.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after purchasing an additional 8,243 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $102,000. 1492 Capital Management LLC purchased a new stake in Advanced Micro Devices during the third quarter worth about $128,000. Chilton Investment Co. LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $103,000. Finally, Cetera Investment Advisers purchased a new stake in Advanced Micro Devices during the third quarter worth about $137,000. Institutional investors own 62.15% of the company’s stock.
A number of equities analysts have weighed in on AMD shares. Argus upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.74 to $18.00 in a research report on Thursday, February 1st. Credit Suisse Group increased their target price on shares of Advanced Micro Devices from $12.00 to $13.50 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. MKM Partners raised their price objective on shares of Advanced Micro Devices from $13.00 to $14.50 and gave the company a “buy” rating in a research report on Monday, January 29th. Vetr lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $13.12 price objective for the company. in a research report on Monday, January 29th. Finally, Zacks Investment Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, January 31st. Eight analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.49.
In related news, insider Mark D. Papermaster sold 173,630 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total value of $2,097,450.40. Following the transaction, the insider now owns 1,331,579 shares in the company, valued at approximately $16,085,474.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Mark D. Papermaster sold 150,000 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $11.38, for a total transaction of $1,707,000.00. Following the completion of the transaction, the senior vice president now owns 1,207,949 shares in the company, valued at approximately $13,746,459.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,158,620 shares of company stock worth $13,933,528. Company insiders own 1.80% of the company’s stock.
Shares of Advanced Micro Devices stock opened at $9.61 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.27 and a debt-to-equity ratio of 2.17. The firm has a market cap of $9,468.42, a price-to-earnings ratio of 120.13, a P/E/G ratio of 4.22 and a beta of 2.86. Advanced Micro Devices, Inc. has a 12-month low of $9.04 and a 12-month high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the business posted ($0.01) EPS. The company’s quarterly revenue was up 33.8% on a year-over-year basis. analysts forecast that Advanced Micro Devices, Inc. will post 0.3 earnings per share for the current year.
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Advanced Micro Devices Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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