Cutter & CO Brokerage Inc. Purchases 565 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cutter & CO Brokerage Inc. increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,392 shares of the semiconductor manufacturer’s stock after buying an additional 565 shares during the quarter. Cutter & CO Brokerage Inc.’s holdings in Advanced Micro Devices were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. ARK Investment Management LLC lifted its position in Advanced Micro Devices by 53.6% in the 4th quarter. ARK Investment Management LLC now owns 1,206,588 shares of the semiconductor manufacturer’s stock worth $145,744,000 after buying an additional 421,275 shares during the last quarter. Cavalier Investments LLC lifted its position in Advanced Micro Devices by 4.1% in the 4th quarter. Cavalier Investments LLC now owns 8,570 shares of the semiconductor manufacturer’s stock worth $1,035,000 after buying an additional 336 shares during the last quarter. Longbow Finance SA lifted its position in Advanced Micro Devices by 5.0% in the fourth quarter. Longbow Finance SA now owns 45,438 shares of the semiconductor manufacturer’s stock valued at $5,488,000 after purchasing an additional 2,152 shares during the last quarter. MorganRosel Wealth Management LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $284,000. Finally, Hendley & Co. Inc. bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $211,000. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Down 3.8 %

Advanced Micro Devices stock opened at $103.96 on Wednesday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $118.05 and its two-hundred day simple moving average is $137.65. Advanced Micro Devices, Inc. has a 12 month low of $103.62 and a 12 month high of $227.30. The company has a market capitalization of $168.47 billion, a price-to-earnings ratio of 105.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its 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 return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. Mizuho lowered their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Bank of America lowered their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Barclays lowered their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

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.