Burney Co. Invests $357,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Burney Co. purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, HoldingsChannel reports. The fund purchased 2,952 shares of the semiconductor manufacturer’s stock, valued at approximately $357,000.

Several other large investors have also recently modified their holdings of the stock. Bradley Foster & Sargent Inc. CT raised its stake in shares of Advanced Micro Devices by 2.1% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,729 shares of the semiconductor manufacturer’s stock worth $1,092,000 after purchasing an additional 141 shares during the last quarter. Richardson Financial Services Inc. raised its position in Advanced Micro Devices by 45.1% in the 2nd quarter. Richardson Financial Services Inc. now owns 515 shares of the semiconductor manufacturer’s stock worth $84,000 after buying an additional 160 shares during the last quarter. ProVise Management Group LLC bought a new position in Advanced Micro Devices during the 2nd quarter valued at about $399,000. Brighton Jones LLC lifted its stake in Advanced Micro Devices by 18.5% during the 2nd quarter. Brighton Jones LLC now owns 28,265 shares of the semiconductor manufacturer’s stock valued at $4,585,000 after acquiring an additional 4,404 shares during the period. Finally, Ieq Capital LLC boosted its holdings in shares of Advanced Micro Devices by 10.8% during the 2nd quarter. Ieq Capital LLC now owns 96,038 shares of the semiconductor manufacturer’s stock valued at $15,578,000 after acquiring an additional 9,363 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last 90 days. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 2.5 %

AMD stock opened at $121.46 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The business has a 50 day simple moving average of $130.47 and a two-hundred day simple moving average of $145.58. The company has a market capitalization of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday. Finally, Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.61.

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.