Buckley Wealth Management LLC Acquires Shares of 1,600 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Buckley Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,600 shares of the semiconductor manufacturer’s stock, valued at approximately $236,000.

A number of other hedge funds have also bought and sold shares of the company. Kaizen Financial Strategies grew its holdings in shares of Advanced Micro Devices by 6.2% in the fourth quarter. Kaizen Financial Strategies now owns 5,969 shares of the semiconductor manufacturer’s stock worth $880,000 after purchasing an additional 350 shares during the last quarter. WASHINGTON TRUST Co grew its holdings in shares of Advanced Micro Devices by 63.5% in the fourth quarter. WASHINGTON TRUST Co now owns 1,231 shares of the semiconductor manufacturer’s stock worth $181,000 after purchasing an additional 478 shares during the last quarter. Altfest L J & Co. Inc. grew its holdings in shares of Advanced Micro Devices by 7.2% in the fourth quarter. Altfest L J & Co. Inc. now owns 9,469 shares of the semiconductor manufacturer’s stock worth $1,396,000 after purchasing an additional 640 shares during the last quarter. Cornell Pochily Investment Advisors Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $223,000. Finally, Procyon Advisors LLC grew its holdings in shares of Advanced Micro Devices by 33.9% in the fourth quarter. Procyon Advisors LLC now owns 4,023 shares of the semiconductor manufacturer’s stock worth $593,000 after purchasing an additional 1,018 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.0 %

AMD stock traded up $1.72 during trading on Wednesday, hitting $179.59. 55,639,235 shares of the company’s stock were exchanged, compared to its average volume of 78,312,609. The business has a 50-day moving average price of $180.63 and a two-hundred day moving average price of $140.69. The stock has a market capitalization of $287.34 billion, a price-to-earnings ratio of 345.37, a PEG ratio of 2.69 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share 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 company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMD shares. Bank of America upped their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, January 31st. Mizuho upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, December 7th. Finally, Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Insider Transactions at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders sold 324,943 shares of company stock worth $59,919,994 over the last 90 days. 0.73% of the stock is currently owned by insiders.

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.