NEOS Investment Management LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

NEOS Investment Management LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,488 shares of the semiconductor manufacturer’s stock after acquiring an additional 28,163 shares during the quarter. NEOS Investment Management LLC’s holdings in Advanced Micro Devices were worth $23,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $29,000. FSA Wealth Management LLC bought a new position in Advanced Micro Devices during the third quarter valued at about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $32,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of research analyst reports. HSBC reiterated a “reduce” rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. KeyCorp reduced their price objective 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. Wells Fargo & Company reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Susquehanna dropped their price target on 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. Finally, Stifel Nicolaus decreased their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned 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.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $155.14.

Insider Buying and Selling

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $110.19 on Thursday. The stock’s 50-day moving average is $109.99 and its 200 day moving average is $131.31. The stock has a market cap of $178.56 billion, a price-to-earnings ratio of 111.30, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting 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, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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.