Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Philip Guido Buys 4,645 Shares

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $111.81 on Friday. The company has a 50-day simple moving average of $121.53 and a 200-day simple moving average of $139.12. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $181.19 billion, a PE ratio of 112.94, a P/E/G ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities research analysts predict that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus lowered their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Piper Sandler lowered 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 report on Wednesday, February 5th. HSBC restated a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Citigroup cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Hedge Funds Weigh In On Advanced Micro Devices

A number of large investors have recently made changes to their positions in AMD. Creative Capital Management Investments LLC grew its stake in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares during the last quarter. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $29,000. Finally, Summit Securities Group LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.