Bragg Financial Advisors Inc. purchases 5,470 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bragg Financial Advisors Inc. increased its holdings in shares of Advanced Micro Devices, Inc., according to its latest 13F filing with the Securities and Exchange Commission. (NASDAQ:AMD – Free Report) up 6.8% in the fourth quarter. The institutional investor owned 86,129 shares of the semiconductor maker after acquiring an additional 5,470 shares during the period. Bragg Financial Advisors Inc’s holdings in Advanced Micro Devices were worth $12,696,000, according to its most recent SEC filing.

Other large investors also bought and sold the company’s shares. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. In the fourth quarter, Gables Capital Management Inc. purchased $29,000 worth of new shares of Advanced Micro Devices stock. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock valued at $31,000 after purchasing an additional 62 shares during the period. Currently, 71.34% of the shares are held by institutional investors.

Advanced Micro Devices Confidential Transactions

In other news, VP Mark D. Papermaster sold 16,200 shares of the company’s stock on Monday, April 15. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Insiders own 0.65% of the company’s shares.

Analyst Upgrades and Downgrades

AMD has been the subject of many recent analyst reports. Wedbush maintained an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and issued a “buy” rating on the stock in a research note on Wednesday, May 1. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. UBS Group lowered their target price on Advanced Micro Devices from $205.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, KeyCorp lowered their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Four equity analysts have rated the company’s stock with a hold rating, and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.68.

View our latest research report on advanced microdevices

Advanced prices for micro devices

On Friday, AMD shares closed at $159.90. The stock has a market value of $258.45 billion, a price-to-earnings ratio of 235.15, a PEG ratio of 1.85 and a beta of 1.69. The company’s fifty day moving average is $159.95 and its 200 day moving average is $162.13. Advanced Micro Devices, Inc. it has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt to equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, which beat the consensus estimate 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’s revenue for the quarter was $5.47 billion, compared to analyst expectations of $5.48 billion. During the same period last year, the company earned $0.43 per share. The company’s revenue for the quarter was up 2.2% year-over-year. Analysts expect Advanced Micro Devices, Inc. will see 2.62 EPS for the current fiscal year.

Advanced microdevice profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

Featured Stories

Get advanced micro devices news and ratings every day – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Advanced Micro Devices and related companies with MarketBeat.com’s FREE daily email newsletter.