Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,600 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,600 shares during the period. Advanced Micro Devices accounts for about 10.4% of Andar Capital Management HK Ltd’s holdings, making the stock its 4th biggest holding. Andar Capital Management HK Ltd’s holdings in Advanced Micro Devices were worth $8,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brooklyn FI LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $3,239,000. Generali Asset Management SPA SGR acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $6,908,000. Evoke Wealth LLC increased its position in shares of Advanced Micro Devices by 57.1% during the fourth quarter. Evoke Wealth LLC now owns 10,260 shares of the semiconductor manufacturer’s stock valued at $1,239,000 after acquiring an additional 3,728 shares during the last quarter. Horizon Investments LLC increased its position in shares of Advanced Micro Devices by 54.0% during the fourth quarter. Horizon Investments LLC now owns 50,752 shares of the semiconductor manufacturer’s stock valued at $6,130,000 after acquiring an additional 17,793 shares during the last quarter. Finally, Leelyn Smith LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $720,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $103.51 on Wednesday. The firm’s fifty day simple moving average is $111.08 and its 200-day simple moving average is $132.53. The stock has a market capitalization of $167.74 billion, a price-to-earnings ratio of 104.56, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent research reports. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. TD Cowen lowered their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. HSBC reissued a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices 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.