Boothe Investment Group Inc. Boosts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Boothe Investment Group Inc. boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,961 shares of the semiconductor manufacturer’s stock after buying an additional 132 shares during the period. Advanced Micro Devices comprises 2.0% of Boothe Investment Group Inc.’s portfolio, making the stock its 22nd biggest holding. Boothe Investment Group Inc.’s holdings in Advanced Micro Devices were worth $4,706,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Swedbank AB boosted its holdings in shares of Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after purchasing an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC boosted its holdings in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 324 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 34.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 8,393 shares of the semiconductor manufacturer’s stock worth $1,377,000 after purchasing an additional 2,142 shares during the last quarter. Joel Isaacson & Co. LLC boosted its holdings in shares of Advanced Micro Devices by 7.6% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 3,492 shares of the semiconductor manufacturer’s stock worth $573,000 after purchasing an additional 248 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Advanced Micro Devices by 20.5% during the 3rd quarter. Allworth Financial LP now owns 36,268 shares of the semiconductor manufacturer’s stock worth $5,951,000 after purchasing an additional 6,180 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 2.9 %

Advanced Micro Devices stock opened at $110.84 on Monday. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The stock’s fifty day simple moving average is $118.84 and its 200-day simple moving average is $138.06. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $179.61 billion, a P/E ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMD shares. Argus set a $160.00 target price on Advanced Micro Devices in a report on Thursday, February 6th. Truist Financial set a $130.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Susquehanna decreased their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Loop Capital initiated coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

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.