Avior Wealth Management LLC Purchases 5,686 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Avior Wealth Management LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 67.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,121 shares of the semiconductor manufacturer’s stock after buying an additional 5,686 shares during the period. Avior Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,706,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMD. Abich Financial Wealth Management LLC grew its stake in Advanced Micro Devices by 101.8% during the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 111 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 5.7% during the 2nd quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer’s stock worth $47,782,000 after buying an additional 15,975 shares in the last quarter. APG Asset Management US Inc. boosted its holdings in shares of Advanced Micro Devices by 15.0% during the 2nd quarter. APG Asset Management US Inc. now owns 661,237 shares of the semiconductor manufacturer’s stock worth $104,270,000 after buying an additional 86,293 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Advanced Micro Devices by 1.9% during the 2nd quarter. APG Asset Management N.V. now owns 1,261,068 shares of the semiconductor manufacturer’s stock worth $190,863,000 after buying an additional 23,968 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Advanced Micro Devices by 10.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,495,184 shares of the semiconductor manufacturer’s stock valued at $1,215,998,000 after acquiring an additional 707,705 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on 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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 over the last ninety days. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

AMD opened at $123.04 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The firm has a 50-day moving average of $128.68 and a 200 day moving average of $144.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm has a market cap of $199.67 billion, a P/E ratio of 110.85, a PEG ratio of 1.08 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the business posted $0.53 EPS. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Barclays cut their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Loop Capital began coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. UBS Group cut their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $177.71.

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.