Hoertkorn Richard Charles Has $736,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hoertkorn Richard Charles increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,097 shares of the semiconductor manufacturer’s stock after purchasing an additional 225 shares during the quarter. Hoertkorn Richard Charles’ holdings in Advanced Micro Devices were worth $736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC raised its stake in Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares in the last quarter. Principal Financial Group Inc. increased its position in Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares during the period. United Bank purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $516,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Advanced Micro Devices in the third quarter worth $454,000. Finally, D.A. Davidson & CO. lifted its stake in shares of Advanced Micro Devices by 26.6% in the third quarter. D.A. Davidson & CO. now owns 36,451 shares of the semiconductor manufacturer’s stock worth $5,981,000 after buying an additional 7,648 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research note on Friday, February 7th. Finally, The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.72.

Insider Buying and Selling

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $106.65 on Friday. The company has a market cap of $172.82 billion, a price-to-earnings ratio of 107.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.28. The company has a fifty day simple moving average of $109.75 and a two-hundred day simple moving average of $131.14.

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

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.