Noble Wealth Management PBC Buys Shares of 390 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Noble Wealth Management PBC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 390 shares of the semiconductor manufacturer’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after purchasing an additional 177,700 shares during the last quarter. Swiss National Bank grew its position in shares of Advanced Micro Devices by 0.3% in the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after purchasing an additional 12,500 shares during the last quarter. Shum Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at about $858,000. State Street Corp grew its position in shares of Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $99.81 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $98.69 and a 1 year high of $227.30. The firm has a 50 day moving average of $116.94 and a 200-day moving average of $136.87. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $161.74 billion, a P/E ratio of 100.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were 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 owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of several research analyst reports. Melius Research reaffirmed a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Wedbush reissued an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Loop Capital assumed coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price on the stock. Finally, StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

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.