Centerpoint Advisory Group Invests $207,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Centerpoint Advisory Group bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,713 shares of the semiconductor manufacturer’s stock, valued at approximately $207,000.

A number of other large investors have also recently bought and sold shares of the stock. Creative Capital Management Investments LLC grew its holdings in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $32,000. Compass Financial Services Inc acquired a new position in Advanced Micro Devices in the 4th quarter valued at $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Friday, February 7th. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Evercore ISI raised their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their price target on shares of Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler decreased their price target on shares of Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $113.10 on Friday. The firm has a market capitalization of $183.28 billion, a PE ratio of 114.24, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The company’s 50 day simple moving average is $120.43 and its 200 day simple moving average is $138.74.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

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

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.