BlackDiamond Wealth Management LLC Has $415,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

BlackDiamond Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.4% in the fourth quarter, HoldingsChannel reports. The firm owned 3,436 shares of the semiconductor manufacturer’s stock after acquiring an additional 629 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Advanced Micro Devices were worth $415,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bedell Frazier Investment Counselling LLC increased its holdings in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 74 shares during the last quarter. NCM Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 0.9% during the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after acquiring an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in Advanced Micro Devices by 15.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after buying an additional 76 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in Advanced Micro Devices by 2.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock valued at $479,000 after buying an additional 81 shares in the last quarter. Finally, Abel Hall LLC grew its holdings 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 buying an additional 82 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the topic of a number of research reports. KeyCorp decreased their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Bank of America decreased their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Argus set a $160.00 price objective on Advanced Micro Devices in a report on Thursday, February 6th. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $155.14.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $104.59 on Tuesday. 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 company has a market capitalization of $169.49 billion, a PE ratio of 105.65, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $193.50. The stock has a 50-day moving average price of $111.55 and a two-hundred day moving average price of $132.85.

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

Insider Activity

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was bought 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 in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 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.