Carroll Investors Inc Acquires 798 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Carroll Investors Inc lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 59,057 shares of the semiconductor manufacturer’s stock after buying an additional 798 shares during the period. Advanced Micro Devices makes up about 4.0% of Carroll Investors Inc’s holdings, making the stock its 9th largest holding. Carroll Investors Inc’s holdings in Advanced Micro Devices were worth $7,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. KLP Kapitalforvaltning AS acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $65,897,000. Enzi Wealth acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $569,000. Welch Group LLC grew its holdings 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 worth $6,179,000 after purchasing an additional 2,981 shares during the period. Stonegate Investment Group LLC increased its position in Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock worth $61,896,000 after buying an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in Advanced Micro Devices by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock valued at $212,943,000 after buying an additional 289,110 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value 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 acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Citigroup cut their target price on shares of Advanced Micro Devices from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, TD Cowen reduced their price objective on Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.76.

Advanced Micro Devices Price Performance

Shares of AMD opened at $94.50 on Tuesday. The business has a 50-day simple moving average of $102.54 and a two-hundred day simple moving average of $125.03. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The stock has a market cap of $152.74 billion, a PE ratio of 95.46, a PEG ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.