Trifecta Capital Advisors LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Trifecta Capital Advisors LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,084 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,485 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $3,151,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Creative Capital Management Investments LLC raised its holdings in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the period. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. Finally, Compass Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $39,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 2.5 %

NASDAQ:AMD opened at $108.11 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The firm has a market capitalization of $175.19 billion, a P/E ratio of 109.20, a P/E/G ratio of 1.11 and a beta of 1.66. 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 business has a 50 day simple moving average of $118.47 and a 200 day simple moving average of $137.86.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. Argus set a $160.00 price objective on Advanced Micro Devices in a report on Thursday, February 6th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. HSBC restated a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices 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.