Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Boosted by PFC Capital Group Inc.

PFC Capital Group Inc. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,543 shares of the semiconductor manufacturer’s stock after buying an additional 288 shares during the quarter. Advanced Micro Devices accounts for about 1.0% of PFC Capital Group Inc.’s holdings, making the stock its 23rd biggest position. PFC Capital Group Inc.’s holdings in Advanced Micro Devices were worth $2,119,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $65,897,000. State Street Corp raised its holdings in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC raised its holdings in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after buying an additional 441,924 shares in the last quarter. Enzi Wealth acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $569,000. Finally, Welch Group LLC boosted its stake in shares of Advanced Micro Devices by 6.3% during the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after acquiring an additional 2,981 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Bank of America reduced their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. HSBC restated a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Melius Research reiterated a “hold” rating and issued a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $102.74 on Tuesday. The business has a 50 day simple moving average of $109.01 and a 200 day simple moving average of $130.35. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The company has a market capitalization of $166.49 billion, a PE ratio of 103.78, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last issued its 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, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

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 stock was purchased 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 in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.73% of the company’s stock.

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.