Bell Bank Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bell Bank lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,973 shares of the semiconductor manufacturer’s stock after buying an additional 302 shares during the period. Bell Bank’s holdings in Advanced Micro Devices were worth $1,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Capital Management Investments LLC grew its holdings in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares in the last quarter. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $32,000. Finally, Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $39,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Argus upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Thursday, February 6th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. TD Cowen dropped their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. HSBC reissued a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $110.84 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business has a 50 day moving average of $118.84 and a 200 day moving average of $137.94. The company has a market capitalization of $179.61 billion, a price-to-earnings ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.