DCF Advisers LLC Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

DCF Advisers LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 12,000 shares during the period. Advanced Micro Devices makes up about 2.9% of DCF Advisers LLC’s holdings, making the stock its 8th biggest position. DCF Advisers LLC’s holdings in Advanced Micro Devices were worth $6,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $32,000. Finally, IAG Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 118 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMD. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Benchmark reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices Stock Up 0.9 %

Shares of Advanced Micro Devices stock opened at $107.14 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a 50-day moving average of $110.47 and a 200 day moving average of $132.17. The firm has a market cap of $173.62 billion, a price-to-earnings ratio of 108.22, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.69.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is owned by company insiders.

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.