Certuity LLC Buys 534 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Certuity LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.8% in the 4th quarter, HoldingsChannel reports. The fund owned 9,813 shares of the semiconductor manufacturer’s stock after purchasing an additional 534 shares during the quarter. Certuity LLC’s holdings in Advanced Micro Devices were worth $1,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AMD. Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. Addison Advisors LLC boosted its stake in Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 62 shares in the last quarter. Peoples Bank KS bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $26,000. Finally, Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $27,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. DZ Bank reiterated a “hold” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Citigroup raised their price target on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Truist Financial raised their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, TD Cowen boosted their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.68.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $0.13 during trading on Tuesday, reaching $160.33. 40,491,097 shares of the company’s stock traded hands, compared to its average volume of 72,019,227. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The company has a 50 day moving average of $177.19 and a 200-day moving average of $151.21. The stock has a market capitalization of $259.12 billion, a P/E ratio of 309.89, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. Advanced Micro Devices’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Buying and Selling

In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly 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. In the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Company 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.