Summit X LLC Acquires 516 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Summit X LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,259 shares of the semiconductor manufacturer’s stock after purchasing an additional 516 shares during the period. Summit X LLC’s holdings in Advanced Micro Devices were worth $756,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Moors & Cabot Inc. increased its stake in Advanced Micro Devices by 11.6% during the fourth quarter. Moors & Cabot Inc. now owns 23,446 shares of the semiconductor manufacturer’s stock valued at $2,832,000 after acquiring an additional 2,428 shares during the period. Lane Generational LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $2,695,000. Prosperity Financial Group Inc. increased its stake in Advanced Micro Devices by 58.4% during the fourth quarter. Prosperity Financial Group Inc. now owns 8,348 shares of the semiconductor manufacturer’s stock valued at $1,008,000 after acquiring an additional 3,077 shares during the period. Cascade Financial Partners LLC increased its stake in Advanced Micro Devices by 28.5% during the fourth quarter. Cascade Financial Partners LLC now owns 6,494 shares of the semiconductor manufacturer’s stock valued at $784,000 after acquiring an additional 1,440 shares during the period. Finally, Natural Investments LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $559,000. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMD shares. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 0.1 %

NASDAQ:AMD opened at $96.76 on Wednesday. The stock’s fifty day moving average price is $113.39 and its two-hundred day moving average price is $134.17. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $202.85. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market cap of $156.80 billion, a price-to-earnings ratio of 97.74, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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%. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.