Apella Capital LLC Purchases 105 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Apella Capital LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,713 shares of the semiconductor manufacturer’s stock after purchasing an additional 105 shares during the period. Apella Capital LLC’s holdings in Advanced Micro Devices were worth $569,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. WealthPLAN Partners LLC grew its holdings in shares of Advanced Micro Devices by 142.1% during the 2nd quarter. WealthPLAN Partners LLC now owns 4,832 shares of the semiconductor manufacturer’s stock valued at $784,000 after purchasing an additional 2,836 shares during the last quarter. Moors & Cabot Inc. boosted its position in Advanced Micro Devices by 3.7% in the second quarter. Moors & Cabot Inc. now owns 18,956 shares of the semiconductor manufacturer’s stock valued at $3,075,000 after buying an additional 679 shares in the last quarter. Pekin Hardy Strauss Inc. grew its stake in shares of Advanced Micro Devices by 16.4% during the second quarter. Pekin Hardy Strauss Inc. now owns 2,560 shares of the semiconductor manufacturer’s stock worth $415,000 after buying an additional 360 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 28.1% during the second quarter. Axxcess Wealth Management LLC now owns 31,779 shares of the semiconductor manufacturer’s stock worth $5,155,000 after buying an additional 6,971 shares in the last quarter. Finally, Financial & Tax Architects LLC bought a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $1,138,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 in the last quarter. Insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. HSBC reiterated 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. Barclays reduced their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.68.

Advanced Micro Devices Trading Up 3.3 %

NASDAQ AMD opened at $119.96 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30. The business has a 50 day moving average price of $131.60 and a 200-day moving average price of $145.95. The company has a market cap of $194.67 billion, a price-to-earnings ratio of 108.07, a P/E/G ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the business posted $0.53 EPS. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share 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.