Linscomb Wealth Inc. Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Linscomb Wealth Inc. increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 15,496 shares of the semiconductor manufacturer’s stock after buying an additional 1,562 shares during the quarter. Linscomb Wealth Inc.’s holdings in Advanced Micro Devices were worth $1,872,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of AMD. Swedbank AB lifted its position in Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after purchasing an additional 17,446 shares during the period. Howard Capital Management Group LLC grew its holdings in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares during the period. Goldstone Financial Group LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $227,000. HM Payson & Co. lifted its stake in shares of Advanced Micro Devices by 22.9% in the 3rd quarter. HM Payson & Co. now owns 4,814 shares of the semiconductor manufacturer’s stock worth $790,000 after purchasing an additional 896 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in Advanced Micro Devices by 15.9% during the third quarter. AustralianSuper Pty Ltd now owns 10,350 shares of the semiconductor manufacturer’s stock valued at $1,698,000 after buying an additional 1,421 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly 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 disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $99.81 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 firm has a market capitalization of $161.74 billion, a P/E ratio of 100.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a 1-year low of $98.69 and a 1-year high of $227.30. The company’s 50-day moving average is $116.94 and its 200 day moving average is $136.90.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several analyst reports. TD Cowen lowered their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Mizuho reduced their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. KeyCorp lowered their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Bank of America lowered their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Company 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.