Professional Advisory Services Inc. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 113,091 shares of the semiconductor manufacturer’s stock, valued at approximately $13,660,000.
Other large investors have also added to or reduced their stakes in the company. Merit Financial Group LLC boosted its position in shares of Advanced Micro Devices by 27.0% in the fourth quarter. Merit Financial Group LLC now owns 31,228 shares of the semiconductor manufacturer’s stock valued at $3,772,000 after acquiring an additional 6,637 shares during the period. Butensky & Cohen Financial Security Inc. boosted its position in Advanced Micro Devices by 13.5% during the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 34,050 shares of the semiconductor manufacturer’s stock valued at $4,113,000 after buying an additional 4,057 shares during the period. Avanza Fonder AB purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $21,922,000. Procyon Advisors LLC raised its holdings in Advanced Micro Devices by 17.5% during the 4th quarter. Procyon Advisors LLC now owns 4,437 shares of the semiconductor manufacturer’s stock valued at $536,000 after buying an additional 660 shares during the last quarter. Finally, Goldstone Financial Group LLC grew its stake in shares of Advanced Micro Devices by 29.9% in the fourth quarter. Goldstone Financial Group LLC now owns 1,797 shares of the semiconductor manufacturer’s stock worth $217,000 after purchasing an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Insider Transactions at Advanced Micro Devices
In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.65% of the company’s stock.
Advanced Micro Devices Stock Up 2.5 %
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. HSBC reiterated a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, TD Cowen cut their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $178.61.
Read Our Latest Analysis on AMD
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.
Recommended Stories
- Five stocks we like better than Advanced Micro Devices
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- AI Demand Sparks Opportunities for These 3 Nuclear Energy Leaders
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- TSMC: Long-Term Outlook Still Strong as Geopolitical Risk Rises
- What is a Secondary Public Offering? What Investors Need to Know
- Uber’s NVIDIA Deal and Buybacks Signal Major Upside
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.