Congress Wealth Management LLC DE Buys 6,060 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Congress Wealth Management LLC DE lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 44.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,624 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,060 shares during the period. Congress Wealth Management LLC DE’s holdings in Advanced Micro Devices were worth $2,370,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMD. NCM Capital Management LLC grew its holdings in Advanced Micro Devices by 0.9% during the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after purchasing an additional 75 shares during the period. Pin Oak Investment Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 15.2% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock worth $94,000 after acquiring an additional 76 shares during the period. Northeast Financial Consultants Inc increased its holdings in shares of Advanced Micro Devices by 2.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock worth $479,000 after acquiring an additional 81 shares during the last quarter. Abel Hall LLC raised its stake in Advanced Micro Devices by 4.6% in the 3rd quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock valued at $304,000 after acquiring an additional 82 shares during the period. Finally, Segment Wealth Management LLC lifted its holdings in Advanced Micro Devices by 0.5% during the 4th quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer’s stock valued at $1,937,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMD. TD Cowen dropped their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Stifel Nicolaus lowered their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Barclays reduced their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, KeyCorp reduced their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Price Performance

AMD stock opened at $110.19 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market cap of $178.56 billion, a price-to-earnings ratio of 111.30, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a 50 day simple moving average of $109.99 and a 200 day simple moving average of $131.31.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.73% of the company’s stock.

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.