Parkwood LLC Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Parkwood LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 35,667 shares of the semiconductor manufacturer’s stock after buying an additional 602 shares during the period. Parkwood LLC’s holdings in Advanced Micro Devices were worth $5,258,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Franchise Capital Ltd purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $4,878,000. Groupama Asset Managment purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $12,639,000. Bragg Financial Advisors Inc raised its stake in Advanced Micro Devices by 6.8% in the fourth quarter. Bragg Financial Advisors Inc now owns 86,129 shares of the semiconductor manufacturer’s stock worth $12,696,000 after buying an additional 5,470 shares in the last quarter. Comerica Bank raised its stake in Advanced Micro Devices by 7.9% in the fourth quarter. Comerica Bank now owns 315,209 shares of the semiconductor manufacturer’s stock worth $46,465,000 after buying an additional 22,981 shares in the last quarter. Finally, Midland Wealth Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $1,525,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Benchmark reduced their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Truist Financial cut their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research report on Wednesday, May 1st. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. Susquehanna upped their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday. Finally, Citigroup cut their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.68.

Advanced Micro Devices Price Performance

Shares of AMD traded down $0.34 during mid-day trading on Thursday, hitting $159.90. 44,389,856 shares of the company were exchanged, compared to its average volume of 66,488,305. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a 50 day moving average of $159.95 and a 200-day moving average of $162.13. The stock has a market cap of $258.45 billion, a price-to-earnings ratio of 235.15, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.43 EPS. Analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is owned by insiders.

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.