Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Money Concepts Capital Corp

Money Concepts Capital Corp grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,355 shares of the semiconductor manufacturer’s stock after purchasing an additional 158 shares during the quarter. Money Concepts Capital Corp’s holdings in Advanced Micro Devices were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Advanced Micro Devices by 102.6% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,468 shares of the semiconductor manufacturer’s stock valued at $733,000 after buying an additional 2,263 shares during the period. CWM LLC increased its stake in shares of Advanced Micro Devices by 2.5% during the third quarter. CWM LLC now owns 211,970 shares of the semiconductor manufacturer’s stock valued at $34,780,000 after acquiring an additional 5,256 shares during the period. Marcum Wealth LLC raised its holdings in Advanced Micro Devices by 9.8% during the third quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock worth $565,000 after purchasing an additional 307 shares in the last quarter. Wedmont Private Capital lifted its position in Advanced Micro Devices by 2.6% in the third quarter. Wedmont Private Capital now owns 20,044 shares of the semiconductor manufacturer’s stock worth $3,427,000 after purchasing an additional 510 shares during the period. Finally, Sanibel Captiva Trust Company Inc. boosted its stake in Advanced Micro Devices by 2.6% during the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 141,810 shares of the semiconductor manufacturer’s stock valued at $23,268,000 after purchasing an additional 3,651 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on AMD shares. TD Cowen dropped their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Melius Research reissued a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Bank of America lowered their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday. Piper Sandler cut their target price on shares of Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Susquehanna decreased their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.30.

Advanced Micro Devices Price Performance

AMD opened at $110.16 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The stock has a fifty day moving average price of $124.53 and a 200 day moving average price of $140.39. The stock has a market cap of $178.77 billion, a price-to-earnings ratio of 99.24, a PEG ratio of 1.03 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

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.