Spectrum Strategic Capital Management LLC Acquires 2,504 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Spectrum Strategic Capital Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,193 shares of the semiconductor manufacturer’s stock after buying an additional 2,504 shares during the period. Advanced Micro Devices makes up about 1.1% of Spectrum Strategic Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Spectrum Strategic Capital Management LLC’s holdings in Advanced Micro Devices were worth $1,714,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Magnolia Capital Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $1,019,000. Silver Lake Advisory LLC lifted its position in Advanced Micro Devices by 83.5% in the second quarter. Silver Lake Advisory LLC now owns 2,178 shares of the semiconductor manufacturer’s stock worth $353,000 after purchasing an additional 991 shares during the period. Northeast Financial Consultants Inc boosted its stake in Advanced Micro Devices by 12.4% during the second quarter. Northeast Financial Consultants Inc now owns 2,839 shares of the semiconductor manufacturer’s stock worth $461,000 after buying an additional 314 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Advanced Micro Devices by 224.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 19,991 shares of the semiconductor manufacturer’s stock valued at $3,243,000 after buying an additional 13,822 shares during the period. Finally, Invst LLC raised its stake in shares of Advanced Micro Devices by 9.0% in the 2nd quarter. Invst LLC now owns 1,590 shares of the semiconductor manufacturer’s stock valued at $251,000 after buying an additional 131 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMD shares. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Bank of America cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Evercore ISI lifted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $174.64.

Advanced Micro Devices Trading Down 6.3 %

AMD stock opened at $115.05 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company’s 50-day simple moving average is $128.12 and its 200 day simple moving average is $143.21. The company has a market capitalization of $186.71 billion, a PE ratio of 103.65, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

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.