SFE Investment Counsel Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SFE Investment Counsel increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,253 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,227 shares during the quarter. SFE Investment Counsel’s holdings in Advanced Micro Devices were worth $2,688,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AMD. International Assets Investment Management LLC raised its stake in Advanced Micro Devices by 17,137.3% during the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after purchasing an additional 7,815,305 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Advanced Micro Devices by 42.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock worth $1,381,679,000 after buying an additional 2,497,056 shares during the period. Van ECK Associates Corp boosted its holdings in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after acquiring an additional 2,238,866 shares during the last quarter. State Street Corp grew its position in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Advanced Micro Devices by 8.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after acquiring an additional 1,565,083 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AMD. KeyCorp cut their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Piper Sandler reduced their target price on shares of Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Barclays lowered their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Melius cut 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. Finally, StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now 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 filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $111.72 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The company has a market cap of $181.04 billion, a P/E ratio of 112.85, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The firm’s 50 day simple moving average is $121.53 and its 200-day simple moving average is $139.12.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate 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 research analysts predict that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Advanced Micro Devices 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.