Breakwater Capital Group Has $213,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Breakwater Capital Group raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,767 shares of the semiconductor manufacturer’s stock after purchasing an additional 88 shares during the quarter. Breakwater Capital Group’s holdings in Advanced Micro Devices were worth $213,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Greenfield Savings Bank grew its holdings in shares of Advanced Micro Devices by 8.9% during the 4th quarter. Greenfield Savings Bank now owns 5,177 shares of the semiconductor manufacturer’s stock valued at $625,000 after acquiring an additional 424 shares in the last quarter. AAFMAA Wealth Management & Trust LLC grew its holdings in shares of Advanced Micro Devices by 6.5% during the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 10,654 shares of the semiconductor manufacturer’s stock valued at $1,287,000 after acquiring an additional 646 shares in the last quarter. Cullen Investment Group LTD. grew its holdings in shares of Advanced Micro Devices by 3.5% during the 4th quarter. Cullen Investment Group LTD. now owns 18,432 shares of the semiconductor manufacturer’s stock valued at $2,226,000 after acquiring an additional 625 shares in the last quarter. PSI Advisors LLC grew its holdings in shares of Advanced Micro Devices by 6.7% during the 4th quarter. PSI Advisors LLC now owns 8,251 shares of the semiconductor manufacturer’s stock valued at $997,000 after acquiring an additional 517 shares in the last quarter. Finally, PFW Advisors LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $265,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $116.09 on Wednesday. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $131.60 and a 200-day moving average of $145.95. The firm has a market cap of $188.39 billion, a price-to-earnings ratio of 104.59, a PEG ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate 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 analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMD. Loop Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday. They set a “buy” rating and a $175.00 price target on the stock. Mizuho decreased their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Evercore ISI upped their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, TD Cowen decreased 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 report on Monday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.68.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 over the last three months. 0.73% of the stock is owned by 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.