Centaurus Financial Inc. Buys 4,760 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Centaurus Financial Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.2% during the third quarter, HoldingsChannel.com reports. The fund owned 30,957 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,760 shares during the period. Centaurus Financial Inc.’s holdings in Advanced Micro Devices were worth $5,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMD. EntryPoint Capital LLC lifted its holdings in Advanced Micro Devices by 81.9% in the first quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer’s stock valued at $62,000 after buying an additional 154 shares during the period. Mount Yale Investment Advisors LLC increased its stake in Advanced Micro Devices by 18.5% in the first quarter. Mount Yale Investment Advisors LLC now owns 11,180 shares of the semiconductor manufacturer’s stock valued at $2,018,000 after purchasing an additional 1,748 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Advanced Micro Devices during the first quarter worth $4,205,000. Bayesian Capital Management LP bought a new stake in shares of Advanced Micro Devices during the first quarter worth $1,144,000. Finally, Kraft Davis & Associates LLC bought a new stake in shares of Advanced Micro Devices during the first quarter worth $802,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.6 %

Shares of Advanced Micro Devices stock opened at $138.35 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30. The company has a market cap of $224.52 billion, a price-to-earnings ratio of 124.64, a PEG ratio of 1.90 and a beta of 1.71. 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 company’s 50-day moving average price is $153.67 and its 200-day moving average price is $154.58.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup decreased their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Edward Jones started coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating for the company. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, TD Cowen cut their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong 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 an average target price of $192.79.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

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.