Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Increased by Coastwise Capital Group LLC

Coastwise Capital Group LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 29.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,393 shares of the semiconductor manufacturer’s stock after buying an additional 780 shares during the quarter. Coastwise Capital Group LLC’s holdings in Advanced Micro Devices were worth $410,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Strategic Advocates LLC raised its position in Advanced Micro Devices by 17.6% during the fourth quarter. Strategic Advocates LLC now owns 1,868 shares of the semiconductor manufacturer’s stock valued at $226,000 after buying an additional 279 shares during the period. Sonora Investment Management Group LLC grew its stake in Advanced Micro Devices by 11.9% during the 4th quarter. Sonora Investment Management Group LLC now owns 5,689 shares of the semiconductor manufacturer’s stock valued at $687,000 after acquiring an additional 605 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Advanced Micro Devices by 1.8% in the 4th quarter. Cibc World Market Inc. now owns 373,369 shares of the semiconductor manufacturer’s stock valued at $45,099,000 after purchasing an additional 6,766 shares during the period. Hixon Zuercher LLC lifted its position in shares of Advanced Micro Devices by 4.8% in the fourth quarter. Hixon Zuercher LLC now owns 20,564 shares of the semiconductor manufacturer’s stock worth $2,484,000 after purchasing an additional 948 shares in the last quarter. Finally, Clarity Financial LLC boosted its holdings in shares of Advanced Micro Devices by 0.4% during the fourth quarter. Clarity Financial LLC now owns 93,654 shares of the semiconductor manufacturer’s stock worth $11,312,000 after purchasing an additional 398 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $118.86 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a market cap of $192.89 billion, a PE ratio of 107.08, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30. The company’s 50-day moving average price is $126.37 and its two-hundred day moving average price is $141.93.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $0.53 EPS. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. 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 report on Monday, January 13th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Melius Research reaffirmed a “hold” rating and set a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday. Finally, Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $171.04.

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.