OneAscent Financial Services LLC Has $622,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

OneAscent Financial Services LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 112.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,150 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,730 shares during the period. OneAscent Financial Services LLC’s holdings in Advanced Micro Devices were worth $622,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bryce Point Capital LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $507,000. Intrepid Capital Management Inc. increased its position in shares of Advanced Micro Devices by 29.1% in the 4th quarter. Intrepid Capital Management Inc. now owns 6,914 shares of the semiconductor manufacturer’s stock valued at $835,000 after buying an additional 1,558 shares in the last quarter. Kesler Norman & Wride LLC lifted its holdings in Advanced Micro Devices by 36.7% during the fourth quarter. Kesler Norman & Wride LLC now owns 13,637 shares of the semiconductor manufacturer’s stock worth $1,647,000 after acquiring an additional 3,658 shares in the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $847,000. Finally, Wisconsin Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 1.5% in the fourth quarter. Wisconsin Capital Management LLC now owns 31,246 shares of the semiconductor manufacturer’s stock worth $3,774,000 after acquiring an additional 456 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $102.96 on Thursday. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.28. The company has a market capitalization of $166.41 billion, a price-to-earnings ratio of 104.00, a PEG ratio of 1.11 and a beta of 1.88. The company has a 50-day simple moving average of $108.21 and a 200 day simple moving average of $129.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMD. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, February 7th. Stifel Nicolaus dropped their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. HSBC reaffirmed a “reduce” rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.72.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.65% of the stock is currently owned by corporate insiders.

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.