Hixon Zuercher LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hixon Zuercher LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 20,564 shares of the semiconductor manufacturer’s stock after purchasing an additional 948 shares during the quarter. Hixon Zuercher LLC’s holdings in Advanced Micro Devices were worth $2,484,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AMD. New Century Financial Group LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter worth $246,000. American Trust boosted its holdings in shares of Advanced Micro Devices by 41.4% in the 2nd quarter. American Trust now owns 1,741 shares of the semiconductor manufacturer’s stock valued at $282,000 after buying an additional 510 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in 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 valued at $178,234,000 after buying an additional 792,005 shares during the last quarter. Anchor Investment Management LLC increased its position in Advanced Micro Devices by 1.6% in the 2nd quarter. Anchor Investment Management LLC now owns 5,919 shares of the semiconductor manufacturer’s stock valued at $960,000 after acquiring an additional 94 shares during the period. Finally, Centaurus Financial Inc. lifted its stake in shares of Advanced Micro Devices by 28.9% in the 2nd quarter. Centaurus Financial Inc. now owns 26,197 shares of the semiconductor manufacturer’s stock worth $4,249,000 after acquiring an additional 5,868 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 1.3 %

AMD stock opened at $118.86 on Friday. 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, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The company has a market cap of $192.89 billion, a PE ratio of 107.08, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. The business has a 50-day simple moving average of $126.74 and a 200 day simple moving average of $142.09.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS 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 Advanced Micro Devices stock in a transaction on 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 sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were 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 owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. HSBC reissued a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. TD Cowen cut their price objective 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. Susquehanna reduced their target price on shares of Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a research note on Wednesday. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, Piper Sandler restated an “overweight” rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $171.04.

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.