Tandem Capital Management Corp ADV Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tandem Capital Management Corp ADV grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,615 shares of the semiconductor manufacturer’s stock after acquiring an additional 90 shares during the period. Tandem Capital Management Corp ADV’s holdings in Advanced Micro Devices were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of AMD. New Jersey Better Educational Savings Trust purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $324,000. State of New Jersey Common Pension Fund D grew its stake in shares of Advanced Micro Devices by 0.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 917,960 shares of the semiconductor manufacturer’s stock worth $135,316,000 after purchasing an additional 4,421 shares in the last quarter. Abbrea Capital LLC grew its stake in shares of Advanced Micro Devices by 13.9% during the fourth quarter. Abbrea Capital LLC now owns 9,615 shares of the semiconductor manufacturer’s stock worth $1,417,000 after purchasing an additional 1,170 shares in the last quarter. Syon Capital LLC raised its stake in Advanced Micro Devices by 42.6% in the fourth quarter. Syon Capital LLC now owns 19,716 shares of the semiconductor manufacturer’s stock valued at $2,906,000 after buying an additional 5,886 shares in the last quarter. Finally, Bank of New Hampshire raised its stake in Advanced Micro Devices by 13.5% in the fourth quarter. Bank of New Hampshire now owns 885 shares of the semiconductor manufacturer’s stock valued at $130,000 after buying an additional 105 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 1.3 %

AMD stock traded up $2.02 during trading on Thursday, reaching $153.76. The stock had a trading volume of 41,077,391 shares, compared to its average volume of 73,156,063. The firm has a fifty day moving average price of $177.79 and a 200 day moving average price of $149.92. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $248.50 billion, a P/E ratio of 295.70, a PEG ratio of 2.32 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent analyst reports. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. DZ Bank reaffirmed a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, April 4th. Finally, Bank of America upped their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

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.