Maytree Asset Management Ltd Invests $1.10 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Maytree Asset Management Ltd bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,100 shares of the semiconductor manufacturer’s stock, valued at approximately $1,099,000. Advanced Micro Devices makes up about 2.5% of Maytree Asset Management Ltd’s portfolio, making the stock its 4th biggest position.

Other hedge funds also recently made changes to their positions in the company. Creative Capital Management Investments LLC grew its position in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $32,000. Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $39,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 0.4 %

AMD opened at $114.69 on Thursday. 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 company has a market capitalization of $185.85 billion, a PE ratio of 115.85, a P/E/G ratio of 1.13 and a beta of 1.65. The stock’s fifty day moving average is $119.49 and its 200-day moving average is $138.27. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Barclays cut their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $158.70.

About Advanced Micro Devices

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.