Orion Capital Management LLC Has $825,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Orion Capital Management LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,597 shares of the semiconductor manufacturer’s stock after purchasing an additional 440 shares during the quarter. Orion Capital Management LLC’s holdings in Advanced Micro Devices were worth $825,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AMD. Vanguard Group Inc. grew its stake in Advanced Micro Devices by 0.8% in the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after purchasing an additional 1,153,611 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after buying an additional 1,490,997 shares during the last quarter. Northern Trust Corp grew its stake in shares of Advanced Micro Devices by 2.5% in the 3rd quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock valued at $1,631,021,000 after buying an additional 385,636 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Advanced Micro Devices by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock worth $893,890,000 after buying an additional 79,817 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Advanced Micro Devices by 17.6% during the third quarter. Van ECK Associates Corp now owns 5,886,220 shares of the semiconductor manufacturer’s stock valued at $605,221,000 after acquiring an additional 881,140 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Cantor Fitzgerald decreased their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday. Mizuho decreased their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup cut their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays upped their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $182.62.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $10.59 during mid-day trading on Wednesday, reaching $147.79. The company’s stock had a trading volume of 76,635,375 shares, compared to its average volume of 72,283,656. The firm’s 50-day moving average is $177.04 and its two-hundred day moving average is $151.59. The company has a market cap of $238.85 billion, a P/E ratio of 282.06, a PEG ratio of 2.44 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. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value 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. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 in the last 90 days. 0.65% of the stock is owned by corporate 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.