Miller Financial Services LLC Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Miller Financial Services LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,312 shares of the semiconductor manufacturer’s stock, valued at approximately $883,000.

Several other institutional investors and hedge funds have also modified their holdings of AMD. Citizens Financial Group Inc. RI raised its holdings in Advanced Micro Devices by 10.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 17,544 shares of the semiconductor manufacturer’s stock worth $2,119,000 after purchasing an additional 1,590 shares during the period. Riverbend Wealth Management LLC acquired a new position in Advanced Micro Devices in the 4th quarter worth about $505,000. Clare Market Investments LLC acquired a new position in Advanced Micro Devices in the 4th quarter worth about $525,000. Independent Advisor Alliance raised its holdings in Advanced Micro Devices by 1.4% in the 4th quarter. Independent Advisor Alliance now owns 305,454 shares of the semiconductor manufacturer’s stock worth $36,896,000 after purchasing an additional 4,069 shares during the period. Finally, Gallagher Capital Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter worth about $217,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. KeyCorp reduced their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Mizuho reduced their price target on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. TD Cowen cut their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Stock Down 3.7 %

NASDAQ:AMD opened at $96.63 on Tuesday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $113.87 and its two-hundred day moving average is $134.58. Advanced Micro Devices, Inc. has a 52 week low of $95.83 and a 52 week high of $203.55. The stock has a market capitalization of $156.59 billion, a price-to-earnings ratio of 97.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

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

Insiders Place Their Bets

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is owned by insiders.

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.