Eagle Wealth Strategies LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,278 shares of the semiconductor manufacturer’s stock after buying an additional 300 shares during the quarter. Advanced Micro Devices comprises 0.5% of Eagle Wealth Strategies LLC’s portfolio, making the stock its 21st largest holding. Eagle Wealth Strategies LLC’s holdings in Advanced Micro Devices were worth $758,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Advanced Micro Devices by 89.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock worth $336,000 after buying an additional 974 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Advanced Micro Devices by 21.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer’s stock worth $26,937,000 after acquiring an additional 28,961 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Advanced Micro Devices by 73.7% in the 2nd quarter. Public Sector Pension Investment Board now owns 62,107 shares of the semiconductor manufacturer’s stock valued at $10,074,000 after acquiring an additional 26,346 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Advanced Micro Devices by 6.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 10,695 shares of the semiconductor manufacturer’s stock valued at $1,735,000 after acquiring an additional 622 shares during the last quarter. Finally, Samlyn Capital LLC grew its holdings in shares of Advanced Micro Devices by 30.2% during the second quarter. Samlyn Capital LLC now owns 911,763 shares of the semiconductor manufacturer’s stock worth $147,897,000 after purchasing an additional 211,348 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.
Advanced Micro Devices Stock Up 0.7 %
Advanced Micro Devices stock opened at $122.28 on Wednesday. The stock has a fifty day moving average of $128.99 and a 200 day moving average of $144.41. The stock has a market cap of $198.44 billion, a PE 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 one year low of $114.41 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.
Insider Transactions at Advanced Micro Devices
In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the 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 completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last three months. Corporate insiders own 0.65% of the company’s stock.
Analysts Set New Price Targets
AMD has been the topic of a number of recent analyst reports. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Morgan Stanley cut their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, UBS Group cut their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Two equities research 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 given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $177.71.
Read Our Latest Stock Analysis on Advanced Micro Devices
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.
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