SevenBridge Financial Group LLC Acquires 527 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

SevenBridge Financial Group LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,158 shares of the semiconductor manufacturer’s stock after purchasing an additional 527 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Advanced Micro Devices were worth $684,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. OneAscent Financial Services LLC increased its stake in shares of Advanced Micro Devices by 112.8% during the fourth quarter. OneAscent Financial Services LLC now owns 5,150 shares of the semiconductor manufacturer’s stock worth $622,000 after purchasing an additional 2,730 shares during the period. Bryce Point Capital LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $507,000. Intrepid Capital Management Inc. increased its position in Advanced Micro Devices by 29.1% during the 4th quarter. Intrepid Capital Management Inc. now owns 6,914 shares of the semiconductor manufacturer’s stock worth $835,000 after buying an additional 1,558 shares during the period. Kesler Norman & Wride LLC lifted its holdings in shares of Advanced Micro Devices by 36.7% during the fourth quarter. Kesler Norman & Wride LLC now owns 13,637 shares of the semiconductor manufacturer’s stock worth $1,647,000 after buying an additional 3,658 shares in the last quarter. Finally, RFG Bristol Wealth Advisors LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $847,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. HSBC reiterated a “reduce” rating and issued a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Barclays lowered their price objective on 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. Finally, TD Cowen cut their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $152.72.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value 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 approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Up 0.0 %

Shares of AMD opened at $102.78 on Wednesday. The company has a market capitalization of $166.55 billion, a PE ratio of 103.82, a PEG ratio of 1.11 and a beta of 1.74. The stock’s 50-day moving average price is $108.62 and its two-hundred day moving average price is $130.00. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28.

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

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.