Overbrook Management Corp Buys 11,591 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Overbrook Management Corp lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,419 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,591 shares during the quarter. Advanced Micro Devices accounts for about 2.2% of Overbrook Management Corp’s portfolio, making the stock its 19th largest position. Overbrook Management Corp’s holdings in Advanced Micro Devices were worth $10,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its holdings in Advanced Micro Devices by 66.0% in the 2nd quarter. Bridges Investment Management Inc. now owns 2,096 shares of the semiconductor manufacturer’s stock worth $340,000 after purchasing an additional 833 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Advanced Micro Devices by 4.3% during the second quarter. Pacer Advisors Inc. now owns 233,490 shares of the semiconductor manufacturer’s stock worth $37,874,000 after purchasing an additional 9,528 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Advanced Micro Devices by 89.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock valued at $336,000 after buying an additional 974 shares during the period. Circle Wealth Management LLC raised its holdings in Advanced Micro Devices by 177.0% in the 2nd quarter. Circle Wealth Management LLC now owns 12,447 shares of the semiconductor manufacturer’s stock valued at $2,019,000 after buying an additional 7,954 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in Advanced Micro Devices by 6.2% during the 2nd quarter. Profund Advisors LLC now owns 264,109 shares of the semiconductor manufacturer’s stock worth $42,841,000 after buying an additional 15,490 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the subject of several analyst reports. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Loop Capital initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, Mizuho decreased their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $178.61.

Advanced Micro Devices Stock Performance

AMD opened at $121.46 on Monday. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The company has a market cap 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’s fifty day moving average price is $129.94 and its two-hundred day moving average price is $145.19. 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 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. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s 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 completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last ninety days. 0.65% of the stock is currently 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.