Valley Brook Capital Group Inc. Acquires 920 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Valley Brook Capital Group Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,280 shares of the semiconductor manufacturer’s stock after acquiring an additional 920 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Advanced Micro Devices were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC raised its stake in shares of Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after buying an additional 3,714,069 shares during the period. Sylebra Capital LLC bought a new stake in shares of Advanced Micro Devices in the third quarter valued at $227,566,000. Atreides Management LP raised its stake in shares of Advanced Micro Devices by 114.3% in the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock valued at $351,925,000 after buying an additional 1,825,557 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Advanced Micro Devices in the third quarter valued at $169,199,000. Finally, Jennison Associates LLC raised its stake in shares of Advanced Micro Devices by 5.9% in the fourth 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 period. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s 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 completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,850 shares of company stock valued at $34,637,833. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 3.0 %

Shares of NASDAQ AMD traded up $4.44 during midday trading on Friday, reaching $150.60. The company had a trading volume of 49,361,081 shares, compared to its average volume of 55,429,640. Advanced Micro Devices, Inc. has a one year low of $81.11 and a one year high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $175.41 and its 200-day moving average price is $152.49. The stock has a market cap of $243.42 billion, a PE ratio of 221.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company posted $0.43 EPS. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMD shares. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a research report on Wednesday, January 31st. The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Mizuho reduced their price target on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday. Cantor Fitzgerald reduced their price target on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Barclays lifted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $184.24.

Advanced Micro Devices Profile

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.