Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 459,281 shares of the semiconductor manufacturer’s stock after purchasing an additional 146 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $55,477,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Red Spruce Capital LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $271,000. Sheets Smith Wealth Management lifted its holdings in shares of Advanced Micro Devices by 157.5% during the fourth quarter. Sheets Smith Wealth Management now owns 5,198 shares of the semiconductor manufacturer’s stock worth $628,000 after purchasing an additional 3,179 shares during the period. MCF Advisors LLC grew its position in Advanced Micro Devices by 8.9% in the 4th quarter. MCF Advisors LLC now owns 1,856 shares of the semiconductor manufacturer’s stock valued at $224,000 after buying an additional 152 shares during the last quarter. Octavia Wealth Advisors LLC increased its stake in Advanced Micro Devices by 9.5% in the 4th quarter. Octavia Wealth Advisors LLC now owns 6,235 shares of the semiconductor manufacturer’s stock valued at $753,000 after buying an additional 541 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Advanced Micro Devices by 202.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 9,340 shares of the semiconductor manufacturer’s stock worth $1,128,000 after buying an additional 6,255 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 0.7 %

Shares of NASDAQ AMD opened at $122.28 on Wednesday. The firm’s 50 day moving average price is $129.42 and its 200 day moving average price is $144.76. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm has a market cap of $198.44 billion, a P/E ratio of 110.16, a price-to-earnings-growth ratio of 1.07 and a beta of 1.66. 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 announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last 90 days. 0.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of several analyst reports. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. KeyCorp dropped their price objective on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley reduced their target price on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.71.

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.