Princeton Capital Management LLC Has $2.46 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Princeton Capital Management LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,359 shares of the semiconductor manufacturer’s stock after selling 998 shares during the quarter. Advanced Micro Devices makes up approximately 0.8% of Princeton Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Princeton Capital Management LLC’s holdings in Advanced Micro Devices were worth $2,459,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMD. EFG Asset Management North America Corp. grew its stake in shares of Advanced Micro Devices by 9.4% during the fourth quarter. EFG Asset Management North America Corp. now owns 22,322 shares of the semiconductor manufacturer’s stock worth $2,696,000 after buying an additional 1,916 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in Advanced Micro Devices in the 4th quarter worth about $227,000. Zevenbergen Capital Investments LLC raised its position in Advanced Micro Devices by 2.0% in the fourth quarter. Zevenbergen Capital Investments LLC now owns 1,044,000 shares of the semiconductor manufacturer’s stock valued at $126,105,000 after purchasing an additional 20,184 shares during the last quarter. Lynx Investment Advisory grew its holdings in shares of Advanced Micro Devices by 6.5% during the fourth quarter. Lynx Investment Advisory now owns 2,221 shares of the semiconductor manufacturer’s stock worth $268,000 after purchasing an additional 136 shares during the last quarter. Finally, Congress Wealth Management LLC DE raised its holdings in Advanced Micro Devices by 44.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 19,624 shares of the semiconductor manufacturer’s stock valued at $2,370,000 after buying an additional 6,060 shares during the last quarter. 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 $113.85 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm’s 50-day simple moving average is $110.21 and its 200 day simple moving average is $131.60. The stock has a market cap of $184.49 billion, a price-to-earnings ratio of 115.00, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting 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, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Susquehanna decreased their price target on shares of 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. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. TD Cowen cut their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Finally, Mizuho reduced their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $155.14.

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.