Traynor Capital Management Inc. Buys 8,894 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Traynor Capital Management Inc. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,132 shares of the semiconductor manufacturer’s stock after acquiring an additional 8,894 shares during the period. Traynor Capital Management Inc.’s holdings in Advanced Micro Devices were worth $7,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. International Assets Investment Management LLC boosted its position in Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock valued at $1,289,818,000 after acquiring an additional 7,815,305 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares in the last quarter. State Street Corp grew its stake in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Advanced Micro Devices by 8.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after buying an additional 1,565,083 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer’s stock valued at $1,471,128,000 after buying an additional 975,220 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMD. Roth Mkm reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Loop Capital began coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target on the stock. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $177.71.

Advanced Micro Devices Stock Up 1.2 %

AMD stock opened at $123.75 on Thursday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $128.99 and a two-hundred day moving average of $144.41. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The company has a market cap of $200.82 billion, a price-to-earnings ratio of 111.49, a PEG ratio of 1.07 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.65% 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.