Fidelis Capital Partners LLC Raises Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fidelis Capital Partners LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 65.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,365 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,123 shares during the period. Fidelis Capital Partners LLC’s holdings in Advanced Micro Devices were worth $791,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Fairfield Bush & CO. purchased a new stake in Advanced Micro Devices during the 1st quarter worth $836,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Advanced Micro Devices by 49.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock worth $260,746,000 after buying an additional 791,710 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in Advanced Micro Devices by 34.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after buying an additional 692 shares during the period. Raymond James Trust N.A. increased its stake in Advanced Micro Devices by 104.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock worth $870,000 after buying an additional 4,072 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in Advanced Micro Devices by 217.2% during the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after acquiring an additional 272,557 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 2.8 %

Shares of AMD stock traded down $4.32 during trading hours on Friday, reaching $150.76. 19,399,338 shares of the stock traded hands, compared to its average volume of 73,903,023. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The business has a fifty day moving average price of $180.16 and a 200 day moving average price of $148.28. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $243.65 billion, a PE ratio of 298.24, a PEG ratio of 2.35 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue was up 10.2% on a year-over-year basis. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on AMD shares. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a report on Wednesday, January 31st. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $225.00 in a report on Tuesday. The Goldman Sachs Group raised their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Truist Financial lifted their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Finally, Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

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.