CWA Asset Management Group LLC Acquires 583 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CWA Asset Management Group LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,073 shares of the semiconductor manufacturer’s stock after purchasing an additional 583 shares during the period. CWA Asset Management Group LLC’s holdings in Advanced Micro Devices were worth $329,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AMD. SouthState Corp lifted its holdings in shares of Advanced Micro Devices by 234.5% during the 3rd quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer’s stock valued at $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 valued at approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Mine & Arao Wealth Creation & Management LLC. raised its position 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 valued at $29,000 after buying an additional 364 shares during the last quarter. Finally, IAG Wealth Partners LLC raised its position 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 valued at $29,000 after buying an additional 300 shares during the last quarter. Institutional investors own 67.17% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD opened at $97.84 on Friday. The business has a fifty day simple moving average of $79.37 and a 200 day simple moving average of $72.22. The company has a market capitalization of $157.66 billion, a PE ratio of 111.18, a price-to-earnings-growth ratio of 5.44 and a beta of 1.95. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $125.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.36 and a quick ratio of 1.77.

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

Insider Activity at Advanced Micro Devices

In other news, EVP Rick Bergman sold 3,000 shares of the company’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $85.88, for a total transaction of $257,640.00. Following the completion of the sale, the executive vice president now directly owns 155,232 shares in the company, valued at approximately $13,331,324.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Mark D. Papermaster sold 30,000 shares of the company’s 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 in the company, valued at approximately $129,228,544.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rick Bergman sold 3,000 shares of the company’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 sale, the executive vice president now owns 155,232 shares of the company’s stock, valued at $13,331,324.16. The disclosure for this sale can be found here. Insiders sold 63,000 shares of company stock worth $5,264,040 in the last ninety days. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Credit Suisse Group lifted their target price on Advanced Micro Devices from $90.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, February 1st. Benchmark lifted their target price on Advanced Micro Devices from $93.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 14th. Barclays lifted their target price on Advanced Micro Devices from $85.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. Craig Hallum lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $76.00 target price on the stock. in a research report on Wednesday, February 1st. Finally, KeyCorp boosted their price target on Advanced Micro Devices from $80.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. 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, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.60.

About Advanced Micro Devices

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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.