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

Grassi Investment Management lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 130,560 shares of the semiconductor manufacturer’s stock after buying an additional 15,150 shares during the period. Grassi Investment Management’s holdings in Advanced Micro Devices were worth $8,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. SouthState Corp boosted its stake in Advanced Micro Devices by 234.5% in the 3rd quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 272 shares in the last quarter. TD Capital Management LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $27,000. Mine & Arao Wealth Creation & Management LLC. boosted its stake in Advanced Micro Devices by 1,915.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 364 shares in the last quarter. Finally, IAG Wealth Partners LLC boosted its stake in Advanced Micro Devices by 189.9% in the 3rd quarter. IAG Wealth Partners LLC now owns 458 shares of the semiconductor manufacturer’s stock worth $29,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 67.17% of the company’s stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $85.19, for a total transaction of $2,555,700.00. Following the completion of the sale, the executive vice president now directly owns 1,516,945 shares of the company’s stock, valued at $129,228,544.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $85.19, for a total transaction of $2,555,700.00. Following the completion of the sale, the executive vice president now directly owns 1,516,945 shares of the company’s stock, valued at $129,228,544.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rick Bergman sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $85.88, for a total value of $257,640.00. Following the completion of the sale, the executive vice president now directly owns 155,232 shares of the company’s stock, valued at approximately $13,331,324.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,000 shares of company stock valued at $5,264,040. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AMD has been the subject of several research reports. Credit Suisse Group lifted their price objective on shares of Advanced Micro Devices from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Morgan Stanley initiated coverage on shares of Advanced Micro Devices in a research note on Wednesday, February 1st. They set a “buy” rating and a $87.00 price objective for the company. Barclays lifted their price objective on shares of Advanced Micro Devices from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, February 1st. BMO Capital Markets started coverage on shares of Advanced Micro Devices in a research note on Wednesday, February 1st. They set a “buy” rating and a $110.00 price objective for the company. Finally, Susquehanna lifted their target price on shares of Advanced Micro Devices from $80.00 to $88.00 and gave the company a “positive” rating in a report on Monday, January 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.60.

Advanced Micro Devices Stock Up 1.3 %

AMD stock opened at $97.84 on Friday. The company’s 50 day moving average price is $79.37 and its 200 day moving average price is $72.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.77 and a current ratio of 2.36. Advanced Micro Devices, Inc. has a fifty-two week low of $54.57 and a fifty-two week high of $125.67. The firm has a market capitalization of $157.66 billion, a price-to-earnings ratio of 111.18, a PEG ratio of 5.30 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.52 billion. Advanced Micro Devices had a net margin of 5.59% and a return on equity of 8.52%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.41 EPS for the current fiscal year.

Advanced Micro Devices Profile

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.