PFW Advisors LLC Takes $265,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

PFW Advisors LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,191 shares of the semiconductor manufacturer’s stock, valued at approximately $265,000.

Other institutional investors also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC grew its holdings in Advanced Micro Devices by 5.9% during the 4th quarter. Miracle Mile Advisors LLC now owns 30,182 shares of the semiconductor manufacturer’s stock worth $3,646,000 after acquiring an additional 1,676 shares in the last quarter. Sunflower Bank N.A. increased its holdings in Advanced Micro Devices by 11.7% during the fourth quarter. Sunflower Bank N.A. now owns 2,692 shares of the semiconductor manufacturer’s stock valued at $325,000 after buying an additional 281 shares during the period. Elevated Capital Advisors LLC increased its holdings in Advanced Micro Devices by 13.9% during the fourth quarter. Elevated Capital Advisors LLC now owns 10,299 shares of the semiconductor manufacturer’s stock valued at $1,244,000 after buying an additional 1,260 shares during the period. Bar Harbor Wealth Management raised its stake in Advanced Micro Devices by 9.3% in the fourth quarter. Bar Harbor Wealth Management now owns 23,065 shares of the semiconductor manufacturer’s stock worth $2,786,000 after buying an additional 1,972 shares in the last quarter. Finally, Eastern Bank lifted its holdings in Advanced Micro Devices by 31.6% during the fourth quarter. Eastern Bank now owns 208,922 shares of the semiconductor manufacturer’s stock worth $25,236,000 after buying an additional 50,207 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $1.28 during trading hours on Monday, reaching $117.32. The company’s stock had a trading volume of 38,630,568 shares, compared to its average volume of 43,274,148. The firm has a market capitalization of $190.39 billion, a price-to-earnings ratio of 105.69, a P/E/G ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The company’s 50-day moving average is $132.58 and its two-hundred day moving average is $146.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results 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 business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company posted $0.53 EPS. The business’s revenue was up 17.6% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of 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. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on AMD. Citigroup reduced their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. TD Cowen decreased their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday. Finally, StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $182.44.

About Advanced Micro Devices

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.