Patten Group Inc. Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Patten Group Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.9% in the 4th quarter, HoldingsChannel reports. The fund owned 9,277 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,061 shares during the quarter. Patten Group Inc.’s holdings in Advanced Micro Devices were worth $1,121,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swedbank AB boosted its holdings in shares of Advanced Micro Devices by 0.8% in the 3rd 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 last quarter. Howard Capital Management Group LLC grew its holdings in Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares in the last quarter. Princeton Global Asset Management LLC lifted its stake in shares of Advanced Micro Devices by 259.0% in the third quarter. Princeton Global Asset Management LLC now owns 359 shares of the semiconductor manufacturer’s stock worth $59,000 after acquiring an additional 259 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Advanced Micro Devices by 19.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 230,760 shares of the semiconductor manufacturer’s stock valued at $37,863,000 after buying an additional 38,310 shares during the last quarter. Finally, Lansing Street Advisors grew its holdings in Advanced Micro Devices by 10.4% during the 3rd quarter. Lansing Street Advisors now owns 6,310 shares of the semiconductor manufacturer’s stock worth $1,035,000 after acquiring an additional 594 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were acquired 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 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Susquehanna dropped their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Price Performance

AMD opened at $98.23 on Tuesday. The firm has a 50-day moving average of $116.41 and a 200 day moving average of $136.49. Advanced Micro Devices, Inc. has a fifty-two week low of $97.09 and a fifty-two week high of $227.30. The firm has a market cap of $159.18 billion, a P/E ratio of 99.22, a PEG ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 net margin of 6.36% and a return on equity of 7.42%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.