Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Cascade Financial Partners LLC

Cascade Financial Partners LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,494 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,440 shares during the period. Cascade Financial Partners LLC’s holdings in Advanced Micro Devices were worth $784,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $29,000. FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $96.76 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $156.80 billion, a P/E ratio of 97.74, a P/E/G ratio of 1.11 and a beta of 1.74. The company’s fifty day moving average is $113.39 and its two-hundred day moving average is $134.17. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $202.85.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost 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 $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMD shares. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Susquehanna dropped their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday, February 5th. Piper Sandler restated 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 objective for the company. in a report on Friday, February 7th. Finally, Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Company 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.