Foster Group Inc. Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Foster Group Inc. bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,393 shares of the semiconductor manufacturer’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwest Bank & Trust Co purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $28,000. Bare Financial Services Inc purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $30,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 4.6 %

Shares of Advanced Micro Devices stock opened at $161.78 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The stock has a market cap of $261.49 billion, a P/E ratio of 237.92, a P/E/G ratio of 1.79 and a beta of 1.69. The stock’s 50 day simple moving average is $158.76 and its 200-day simple moving average is $163.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley downgraded Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 target price on the stock. in a research report on Monday, June 10th. KeyCorp decreased their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Susquehanna boosted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. Cantor Fitzgerald decreased their target price on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $190.83.

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.