Longbow Finance SA Has $5.49 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Longbow Finance SA boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,438 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,152 shares during the quarter. Longbow Finance SA’s holdings in Advanced Micro Devices were worth $5,488,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. MorganRosel Wealth Management LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $284,000. Hendley & Co. Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $211,000. Sentry Investment Management LLC raised its stake in shares of Advanced Micro Devices by 71.7% during the 4th quarter. Sentry Investment Management LLC now owns 6,699 shares of the semiconductor manufacturer’s stock worth $809,000 after purchasing an additional 2,798 shares in the last quarter. Trifecta Capital Advisors LLC raised its stake in shares of Advanced Micro Devices by 6.0% during the 4th quarter. Trifecta Capital Advisors LLC now owns 26,084 shares of the semiconductor manufacturer’s stock worth $3,151,000 after purchasing an additional 1,485 shares in the last quarter. Finally, Prasad Wealth Partners LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $310,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $108.11 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The firm has a market capitalization of $175.19 billion, a PE ratio of 109.20, a PEG ratio of 1.11 and a beta of 1.66. The business’s 50 day moving average is $118.47 and its 200-day moving average is $137.86. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s 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 in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Analysts Set New Price Targets

AMD has been the subject of a number of recent research reports. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. UBS Group set a $175.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. 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, January 28th. Finally, HSBC reaffirmed a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

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.