PKS Advisory Services LLC Acquires Shares of 3,989 Advanced Micro Devices, Inc. (NASDAQ:AMD)

PKS Advisory Services LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,989 shares of the semiconductor manufacturer’s stock, valued at approximately $482,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $32,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $114.81 on Wednesday. The firm’s fifty day moving average is $110.18 and its two-hundred day moving average is $131.46. The firm has a market cap of $186.05 billion, a price-to-earnings ratio of 115.97, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. 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 (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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%. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Truist Financial set a $130.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Mizuho cut their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Finally, Bank of America decreased their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research 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’s stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.73% of the company’s stock.

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.