Avior Wealth Management LLC Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Avior Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,933 shares of the semiconductor manufacturer’s stock after acquiring an additional 77 shares during the period. Avior Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMD. Peoples Bank KS purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices in the 3rd quarter valued at $27,000. Castleview Partners LLC grew its position in Advanced Micro Devices by 62.5% in the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 90 shares during the last quarter. Raleigh Capital Management Inc. grew its position in Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 109 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its position in Advanced Micro Devices by 112.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 180 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 0.4 %

Shares of AMD stock opened at $162.87 on Wednesday. The firm has a 50-day moving average price of $180.78 and a 200 day moving average price of $148.19. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a market capitalization of $263.22 billion, a price-to-earnings ratio of 314.35, a PEG ratio of 2.44 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,943 shares of company stock valued at $59,919,994. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday. They issued an “outperform” rating and a $200.00 price objective on the stock. Bank of America lifted their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research report on Wednesday, January 31st. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $185.15.

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.