X Square Capital LLC Acquires 4,124 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

X Square Capital LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,530 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,124 shares during the period. Advanced Micro Devices comprises approximately 1.8% of X Square Capital LLC’s portfolio, making the stock its 12th biggest position. X Square Capital LLC’s holdings in Advanced Micro Devices were worth $4,412,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in Advanced Micro Devices in the 4th quarter worth about $65,897,000. State Street Corp boosted its stake in shares of Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after buying an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 1.3% in 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 acquiring an additional 441,924 shares in the last quarter. Enzi Wealth purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $569,000. Finally, Welch Group LLC lifted its holdings in Advanced Micro Devices by 6.3% during the fourth 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 during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $106.65 on Friday. The company has a 50-day simple moving average of $109.75 and a two-hundred day simple moving average of $131.14. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28. The firm has a market cap of $172.82 billion, a price-to-earnings ratio of 107.73, a PEG ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly 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 return on equity of 7.42% and a net margin of 6.36%. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMD shares. Susquehanna decreased their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. Benchmark restated a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday. DZ Bank downgraded shares of 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 Research reaffirmed a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $152.72.

Insider Activity

In other 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 bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

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.