Gradient Capital Advisors LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,092 shares of the semiconductor manufacturer’s stock after purchasing an additional 228 shares during the quarter. Gradient Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Creative Capital Management Investments LLC boosted its stake in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the period. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $26,000. FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices in the third quarter valued at approximately $41,000. Coston McIsaac & Partners grew its stake in Advanced Micro Devices by 319.4% during the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 198 shares in the last quarter. Finally, Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $32,000. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Up 0.6 %
Shares of Advanced Micro Devices stock opened at $111.10 on Wednesday. The stock has a market capitalization of $180.04 billion, a PE ratio of 112.22, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. The company has a 50-day simple moving average of $122.79 and a two-hundred day simple moving average of $139.51. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Bank of America reduced their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Melius Research restated a “hold” rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. KeyCorp lowered their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. HSBC reissued a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $158.70.
Get Our Latest Analysis on Advanced Micro Devices
Insider Buying and Selling at Advanced Micro Devices
In other 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 completion of 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 at this link. 0.73% of the stock is owned by corporate insiders.
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.
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