Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 36.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 271 shares of the semiconductor manufacturer’s stock after purchasing an additional 72 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Advanced Micro Devices were worth $40,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMD. Peoples Bank KS acquired a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $26,000. Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $27,000. Castleview Partners LLC lifted its position in Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares during the period. Gables Capital Management Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Raleigh Capital Management Inc. lifted its position in Advanced Micro Devices by 54.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after acquiring an additional 109 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 over the last quarter. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AMD. Citigroup increased their price objective on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. TD Cowen increased their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Mizuho raised their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, Truist Financial raised their price target on Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $155.08 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a fifty day moving average of $180.16 and a two-hundred day moving average of $148.28. The company has a market capitalization of $250.63 billion, a price-to-earnings ratio of 298.24, a PEG ratio of 2.35 and a beta of 1.64. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 earnings per share. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS 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.