Romano Brothers AND Company Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Romano Brothers AND Company grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,579 shares of the semiconductor manufacturer’s stock after buying an additional 980 shares during the period. Romano Brothers AND Company’s holdings in Advanced Micro Devices were worth $1,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. ProVise Management Group LLC purchased a new stake in Advanced Micro Devices during the second quarter valued at approximately $399,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Advanced Micro Devices by 7.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 34,780 shares of the semiconductor manufacturer’s stock valued at $5,642,000 after purchasing an additional 2,461 shares during the last quarter. Callan Capital LLC raised its holdings in Advanced Micro Devices by 9.7% during the 2nd quarter. Callan Capital LLC now owns 3,662 shares of the semiconductor manufacturer’s stock valued at $594,000 after buying an additional 325 shares during the period. Bridges Investment Management Inc. lifted its position in Advanced Micro Devices by 66.0% in the second quarter. Bridges Investment Management Inc. now owns 2,096 shares of the semiconductor manufacturer’s stock worth $340,000 after buying an additional 833 shares during the last quarter. Finally, King Luther Capital Management Corp boosted its stake in Advanced Micro Devices by 1.9% during the second quarter. King Luther Capital Management Corp now owns 51,075 shares of the semiconductor manufacturer’s stock worth $8,285,000 after buying an additional 969 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent analyst reports. Benchmark reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Mizuho dropped their target price on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. TD Cowen decreased their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group cut their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, HSBC reissued a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $178.61.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices 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 sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last three months. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD opened at $121.46 on Friday. The company has a 50 day moving average of $129.94 and a two-hundred day moving average of $145.32. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30. The company has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

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