Optimum Investment Advisors Acquires 350 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Optimum Investment Advisors increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,446 shares of the semiconductor manufacturer’s stock after buying an additional 350 shares during the quarter. Optimum Investment Advisors’ holdings in Advanced Micro Devices were worth $416,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMD. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth $29,000. FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.7 %

NASDAQ:AMD opened at $106.44 on Friday. The company has a market cap of $172.48 billion, a price-to-earnings ratio of 107.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $110.28 and a 200-day simple moving average of $131.84.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on AMD. KeyCorp lowered their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.14.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.73% of the company’s stock.

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.