Capital Market Strategies LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Market Strategies LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,511 shares of the semiconductor manufacturer’s stock after buying an additional 947 shares during the quarter. Capital Market Strategies LLC’s holdings in Advanced Micro Devices were worth $666,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Boltwood Capital Management lifted its position in Advanced Micro Devices by 15.3% during the fourth quarter. Boltwood Capital Management now owns 2,413 shares of the semiconductor manufacturer’s stock valued at $291,000 after acquiring an additional 320 shares during the last quarter. Nordea Investment Management AB grew its stake in Advanced Micro Devices by 19.8% during the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock worth $212,943,000 after buying an additional 289,110 shares during the last quarter. Versant Capital Management Inc raised its stake in Advanced Micro Devices by 22.3% in the fourth quarter. Versant Capital Management Inc now owns 1,379 shares of the semiconductor manufacturer’s stock valued at $167,000 after buying an additional 251 shares during the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $26,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 2.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 60,761 shares of the semiconductor manufacturer’s stock valued at $9,937,000 after acquiring an additional 1,279 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 3.8 %

Shares of AMD stock traded up $4.73 during trading hours on Monday, hitting $130.10. The company had a trading volume of 28,934,123 shares, compared to its average volume of 33,165,402. Advanced Micro Devices, Inc. has a fifty-two week low of $117.90 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company’s fifty day moving average is $135.46 and its 200 day moving average is $147.87. The stock has a market capitalization of $211.13 billion, a PE ratio of 117.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMD. TD Cowen cut their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Mizuho dropped their price target on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Piper Sandler restated an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.96.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by company insiders.

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.