Advanced Micro Devices, Inc. (NASDAQ:AMD) is Balboa Wealth Partners’ 7th Largest Position

Balboa Wealth Partners raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,198 shares of the semiconductor manufacturer’s stock after buying an additional 352 shares during the quarter. Advanced Micro Devices makes up approximately 2.2% of Balboa Wealth Partners’ investment portfolio, making the stock its 7th largest position. Balboa Wealth Partners’ holdings in Advanced Micro Devices were worth $9,808,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in AMD. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $32,000. Finally, Compass Financial Services Inc purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $39,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD stock opened at $100.79 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $163.33 billion, a P/E ratio of 101.81, a P/E/G ratio of 1.11 and a beta of 1.74. The business’s 50-day moving average is $112.99 and its two-hundred day moving average is $133.94. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $198.83.

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

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMD. Argus set a $160.00 target price on Advanced Micro Devices in a report on Thursday, February 6th. Truist Financial set a $130.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Benchmark reiterated a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Finally, Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.83.

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.