Curated Wealth Partners LLC Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Curated Wealth Partners LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,935 shares of the semiconductor manufacturer’s stock after acquiring an additional 630 shares during the period. Curated Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in shares of Advanced Micro Devices by 5.7% in the second quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer’s stock worth $47,782,000 after purchasing an additional 15,975 shares in the last quarter. Maverick Capital Ltd. boosted its holdings in Advanced Micro Devices by 57.1% in the 2nd quarter. Maverick Capital Ltd. now owns 456,022 shares of the semiconductor manufacturer’s stock worth $73,971,000 after buying an additional 165,753 shares during the period. The Manufacturers Life Insurance Company grew its stake in Advanced Micro Devices by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,324,773 shares of the semiconductor manufacturer’s stock valued at $214,868,000 after buying an additional 44,088 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Advanced Micro Devices by 0.3% during the 2nd quarter. Mackenzie Financial Corp now owns 201,976 shares of the semiconductor manufacturer’s stock valued at $32,763,000 after acquiring an additional 594 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Advanced Micro Devices by 1.4% during the second quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock worth $2,159,039,000 after acquiring an additional 188,580 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction 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. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMD. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. HSBC reissued a “reduce” rating and issued a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Wells Fargo & Company reduced their price objective 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. Evercore ISI increased their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price target for the company from $180.00 to $155.00 in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $176.33.

Advanced Micro Devices Price Performance

AMD opened at $122.84 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock’s 50 day simple moving average is $128.36 and its 200 day simple moving average is $144.12. The firm has a market cap of $199.35 billion, a price-to-earnings ratio of 110.67, a PEG ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30.

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

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.