Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Lifted by Strategic Advocates LLC

Strategic Advocates LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,868 shares of the semiconductor manufacturer’s stock after buying an additional 279 shares during the period. Strategic Advocates LLC’s holdings in Advanced Micro Devices were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMD. New Century Financial Group LLC bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $246,000. American Trust boosted its position in Advanced Micro Devices by 41.4% during the 2nd quarter. American Trust now owns 1,741 shares of the semiconductor manufacturer’s stock worth $282,000 after acquiring an additional 510 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Advanced Micro Devices by 258.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,098,788 shares of the semiconductor manufacturer’s stock worth $178,234,000 after purchasing an additional 792,005 shares in the last quarter. Anchor Investment Management LLC increased its holdings in shares of Advanced Micro Devices by 1.6% during the second quarter. Anchor Investment Management LLC now owns 5,919 shares of the semiconductor manufacturer’s stock valued at $960,000 after purchasing an additional 94 shares during the period. Finally, Centaurus Financial Inc. raised its stake in shares of Advanced Micro Devices by 28.9% during the second quarter. Centaurus Financial Inc. now owns 26,197 shares of the semiconductor manufacturer’s stock valued at $4,249,000 after purchasing an additional 5,868 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 1.3 %

AMD stock opened at $118.86 on Friday. The company has a 50 day moving average of $126.74 and a two-hundred day moving average of $142.09. The company has a market cap of $192.89 billion, a price-to-earnings ratio of 107.08, a PEG ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12-month low of $112.80 and a 12-month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analyst estimates of $6.71 billion. During the same period last year, the company earned $0.53 earnings per share. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Barclays lowered their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Evercore ISI lifted their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $171.04.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’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 completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 in the last three months. 0.73% of the stock is owned by insiders.

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.