Westwood Wealth Management Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Westwood Wealth Management grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,832 shares of the semiconductor manufacturer’s stock after purchasing an additional 189 shares during the period. Westwood Wealth Management’s holdings in Advanced Micro Devices were worth $584,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMD. Aster Capital Management DIFC Ltd raised its holdings in shares of Advanced Micro Devices by 2,744.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 768 shares of the semiconductor manufacturer’s stock valued at $93,000 after acquiring an additional 741 shares in the last quarter. MIG Capital LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $340,000. Ilmarinen Mutual Pension Insurance Co lifted its position in Advanced Micro Devices by 22.2% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 275,000 shares of the semiconductor manufacturer’s stock valued at $33,217,000 after purchasing an additional 50,000 shares during the period. Hurley Capital LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $37,000. Finally, Hemenway Trust Co LLC grew its position in Advanced Micro Devices by 0.6% during the 4th quarter. Hemenway Trust Co LLC now owns 256,606 shares of the semiconductor manufacturer’s stock worth $30,995,000 after purchasing an additional 1,471 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock opened at $85.76 on Friday. The firm has a market cap of $138.61 billion, a PE ratio of 86.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. 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 stock has a 50-day moving average price of $106.88 and a 200-day moving average price of $128.94. Advanced Micro Devices, Inc. has a 1-year low of $83.67 and a 1-year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average cost 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 in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.65% of the stock is owned by insiders.

Analysts Set New Price Targets

AMD has been the topic of a number of analyst reports. Loop Capital initiated coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price on the stock. UBS Group set a $175.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Benchmark restated a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $152.72.

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.