Sendero Wealth Management LLC Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sendero Wealth Management LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,554 shares of the semiconductor manufacturer’s stock after buying an additional 5,278 shares during the quarter. Sendero Wealth Management LLC’s holdings in Advanced Micro Devices were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. WealthPLAN Partners LLC increased its stake in Advanced Micro Devices by 142.1% during the second quarter. WealthPLAN Partners LLC now owns 4,832 shares of the semiconductor manufacturer’s stock valued at $784,000 after purchasing an additional 2,836 shares during the last quarter. Moors & Cabot Inc. raised its stake in Advanced Micro Devices by 3.7% during the second quarter. Moors & Cabot Inc. now owns 18,956 shares of the semiconductor manufacturer’s stock worth $3,075,000 after acquiring an additional 679 shares during the period. Pekin Hardy Strauss Inc. lifted its holdings in Advanced Micro Devices by 16.4% in the second quarter. Pekin Hardy Strauss Inc. now owns 2,560 shares of the semiconductor manufacturer’s stock worth $415,000 after acquiring an additional 360 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in Advanced Micro Devices by 28.1% in the second quarter. Axxcess Wealth Management LLC now owns 31,779 shares of the semiconductor manufacturer’s stock valued at $5,155,000 after acquiring an additional 6,971 shares during the period. Finally, Financial & Tax Architects LLC bought a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $1,138,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 3.3 %

NASDAQ:AMD opened at $119.96 on Thursday. The business’s fifty day moving average price is $131.60 and its 200 day moving average price is $145.95. The firm has a market capitalization of $194.67 billion, a price-to-earnings ratio of 108.07, a PEG ratio of 1.88 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Bank of America cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $155.00 in a report on Monday, December 9th. TD Cowen decreased their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Finally, Citigroup cut their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $179.68.

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.