Sage Capital Advisors llc Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sage Capital Advisors llc grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,386 shares of the semiconductor manufacturer’s stock after purchasing an additional 98 shares during the quarter. Sage Capital Advisors llc’s holdings in Advanced Micro Devices were worth $771,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Creative Capital Management Investments LLC grew its stake in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC increased its holdings in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the 4th quarter valued at $26,000. Fairway Wealth LLC purchased a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $27,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of Advanced Micro Devices by 101.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 111 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

AMD traded down $5.61 during trading on Friday, hitting $116.23. The company’s stock had a trading volume of 41,219,681 shares, compared to its average volume of 40,722,621. The firm has a market capitalization of $188.62 billion, a price-to-earnings ratio of 104.71, a P/E/G ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a twelve month low of $114.45 and a twelve month high of $227.30. The business’s fifty day simple moving average is $133.09 and its 200 day simple moving average is $147.05. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

AMD has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 28th. Piper Sandler reiterated an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday. Finally, UBS Group cut their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $185.22.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the 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 transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

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.