Archford Capital Strategies LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Archford Capital Strategies LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 39.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,090 shares of the semiconductor manufacturer’s stock after buying an additional 3,680 shares during the period. Archford Capital Strategies LLC’s holdings in Advanced Micro Devices were worth $1,581,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc raised its holdings in Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after buying an additional 60 shares during the last quarter. Wealth Effects LLC raised its holdings in Advanced Micro Devices by 0.7% during the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares during the last quarter. Jacobsen Capital Management raised its holdings in Advanced Micro Devices by 2.1% during the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after purchasing an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. increased its stake in shares of Advanced Micro Devices by 5.3% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $243,000 after acquiring an additional 74 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC increased its stake in shares of Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen reduced their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Barclays cut their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. HSBC reaffirmed a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.33.

View Our Latest Research Report on AMD

Advanced Micro Devices Trading Down 0.2 %

Shares of AMD opened at $122.84 on Friday. The business’s 50-day moving average price is $128.12 and its 200-day moving average price is $143.73. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30. The stock has a market cap of $199.35 billion, a PE ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 over the last ninety days. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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