Oarsman Capital Inc. Buys 622 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Oarsman Capital Inc. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 111.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,182 shares of the semiconductor manufacturer’s stock after purchasing an additional 622 shares during the period. Oarsman Capital Inc.’s holdings in Advanced Micro Devices were worth $143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. Howard Capital Management Group LLC lifted its position in shares of Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares during the period. Principal Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares in the last quarter. United Bank bought a new position in Advanced Micro Devices in the third quarter worth $516,000. Stifel Financial Corp boosted its stake in Advanced Micro Devices by 1.3% during the third quarter. Stifel Financial Corp now owns 510,508 shares of the semiconductor manufacturer’s stock worth $83,764,000 after buying an additional 6,693 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in Advanced Micro Devices by 66.1% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 127,555 shares of the semiconductor manufacturer’s stock valued at $20,929,000 after buying an additional 50,739 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMD. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Jefferies Financial Group cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $120.00 in a research note on Thursday, March 27th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Friday, February 7th. Finally, Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $152.72.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Down 8.6 %

Shares of NASDAQ AMD opened at $85.76 on Friday. 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 firm has a market capitalization of $138.61 billion, a PE ratio of 86.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. The firm’s 50-day moving average is $106.88 and its 200-day moving average is $128.94. Advanced Micro Devices, Inc. has a 1 year low of $83.67 and a 1 year high of $187.28.

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 analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.