Cascade Financial Partners LLC Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cascade Financial Partners LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,494 shares of the semiconductor manufacturer’s stock after buying an additional 1,440 shares during the period. Cascade Financial Partners LLC’s holdings in Advanced Micro Devices were worth $784,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Natural Investments LLC purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $559,000. Avantax Planning Partners Inc. lifted its holdings in Advanced Micro Devices by 24.2% in the 4th quarter. Avantax Planning Partners Inc. now owns 9,375 shares of the semiconductor manufacturer’s stock valued at $1,132,000 after purchasing an additional 1,827 shares in the last quarter. Gables Capital Management Inc. lifted its holdings in Advanced Micro Devices by 13.5% in the 4th quarter. Gables Capital Management Inc. now owns 3,530 shares of the semiconductor manufacturer’s stock valued at $426,000 after purchasing an additional 420 shares in the last quarter. Miller Financial Services LLC purchased a new position in Advanced Micro Devices in the 4th quarter valued at about $883,000. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of Advanced Micro Devices by 10.0% during the 4th quarter. Citizens Financial Group Inc. RI now owns 17,544 shares of the semiconductor manufacturer’s stock worth $2,119,000 after acquiring an additional 1,590 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Melius Research reiterated a “hold” rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Benchmark reiterated a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Loop Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Trading Up 0.1 %

NASDAQ:AMD opened at $96.76 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $202.85. The stock’s 50-day moving average is $113.39 and its two-hundred day moving average is $134.17. The stock has a market cap of $156.80 billion, a PE ratio of 97.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.73% 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.