Cobblestone Capital Advisors LLC NY Purchases 118 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cobblestone Capital Advisors LLC NY increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,483 shares of the semiconductor manufacturer’s stock after buying an additional 118 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Advanced Micro Devices were worth $421,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMD. SVB Wealth LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $3,084,000. Roanoke Asset Management Corp NY boosted its position in shares of Advanced Micro Devices by 0.8% during the 4th quarter. Roanoke Asset Management Corp NY now owns 95,304 shares of the semiconductor manufacturer’s stock valued at $11,512,000 after purchasing an additional 746 shares in the last quarter. Flputnam Investment Management Co. boosted its position in shares of Advanced Micro Devices by 11.3% during the 4th quarter. Flputnam Investment Management Co. now owns 36,876 shares of the semiconductor manufacturer’s stock valued at $4,454,000 after purchasing an additional 3,735 shares in the last quarter. Illumine Investment Management LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $2,852,000. Finally, Milestones Administradora de Recursos Ltda. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $1,015,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD opened at $99.81 on Friday. The firm has a market cap of $161.74 billion, a P/E ratio of 100.82, a PEG ratio of 1.11 and a beta of 1.65. The firm has a 50-day moving average of $116.94 and a 200 day moving average of $136.87. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a fifty-two week low of $98.69 and a fifty-two week high of $227.30.

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMD shares. Bank of America cut their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group cut 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 research report on Friday, January 10th. Finally, Loop Capital started coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

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.