Sentry Investment Management LLC Buys 2,798 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sentry Investment Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 71.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,699 shares of the semiconductor manufacturer’s stock after buying an additional 2,798 shares during the period. Sentry Investment Management LLC’s holdings in Advanced Micro Devices were worth $809,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Capital Management Investments LLC boosted its holdings in 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 during the last quarter. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $32,000. Finally, Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $39,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Benchmark reiterated a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. UBS Group set a $175.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Price Performance

Shares of AMD opened at $108.11 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The stock has a market capitalization of $175.19 billion, a P/E ratio of 109.20, a P/E/G ratio of 1.11 and a beta of 1.66. The company has a 50 day moving average of $118.47 and a 200-day moving average of $137.86.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.