Procyon Advisors LLC Acquires 660 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Procyon Advisors LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,437 shares of the semiconductor manufacturer’s stock after purchasing an additional 660 shares during the quarter. Procyon Advisors LLC’s holdings in Advanced Micro Devices were worth $536,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC lifted its position in shares of Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock valued at $1,289,818,000 after acquiring an additional 7,815,305 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares during the period. State Street Corp boosted its position in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Advanced Micro Devices by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after buying an additional 1,565,083 shares during the period. Finally, Van ECK Associates Corp increased its position in Advanced Micro Devices by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer’s stock valued at $1,471,128,000 after buying an additional 975,220 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the business’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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 in the last quarter. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 31st. HSBC restated a “reduce” rating and set a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Finally, KeyCorp dropped their price target on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.61.

Advanced Micro Devices Price Performance

AMD opened at $121.46 on Friday. The company has a market capitalization of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $129.94 and a 200-day moving average price of $145.32. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.