Plancorp LLC Has $620,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Plancorp LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,134 shares of the semiconductor manufacturer’s stock after acquiring an additional 112 shares during the period. Plancorp LLC’s holdings in Advanced Micro Devices were worth $620,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AMD. Swedbank AB lifted its position in shares of Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after purchasing an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC lifted its position in shares of Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares in the last quarter. United Bank bought a new stake in Advanced Micro Devices in the third quarter worth about $516,000. Finally, Massachusetts Financial Services Co. MA raised its position in Advanced Micro Devices by 2.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 395,380 shares of the semiconductor manufacturer’s stock worth $64,874,000 after acquiring an additional 10,613 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. TD Cowen lowered their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Bank of America lowered their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Finally, Melius Research reaffirmed a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Price Performance

AMD stock opened at $106.44 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The stock has a market cap of $172.48 billion, a PE ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74. The firm has a 50 day simple moving average of $110.28 and a two-hundred day simple moving average of $131.84.

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

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.