Advisory Services Network LLC Purchases 12,177 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisory Services Network LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,330 shares of the semiconductor manufacturer’s stock after buying an additional 12,177 shares during the quarter. Advisory Services Network LLC’s holdings in Advanced Micro Devices were worth $11,877,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMD. KLP Kapitalforvaltning AS bought a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $65,897,000. Geode Capital Management LLC raised its holdings in Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after purchasing an additional 441,924 shares in the last quarter. Enzi Wealth purchased a new position in Advanced Micro Devices during the fourth quarter valued at $569,000. Welch Group LLC lifted its position in Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after buying an additional 2,981 shares during the period. Finally, Stonegate Investment Group LLC boosted its holdings in shares of Advanced Micro Devices by 39.5% during the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock valued at $61,896,000 after buying an additional 145,067 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $83.64 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $135.19 billion, a P/E ratio of 84.49, a P/E/G ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 12 month low of $77.75 and a 12 month high of $187.28. The business’s 50-day moving average is $106.25 and its 200 day moving average is $128.29.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMD shares. Argus set a $160.00 price target on shares of Advanced Micro Devices in a research report on Thursday, February 6th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. TD Cowen cut their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Finally, Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $152.72.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is owned by company insiders.

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.