Alpha Cubed Investments LLC Has $23.61 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alpha Cubed Investments LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 825.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,187 shares of the semiconductor manufacturer’s stock after purchasing an additional 142,873 shares during the period. Advanced Micro Devices accounts for approximately 1.3% of Alpha Cubed Investments LLC’s portfolio, making the stock its 25th biggest position. Alpha Cubed Investments LLC’s holdings in Advanced Micro Devices were worth $23,613,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices in the third quarter worth about $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the third quarter worth about $27,000. Gables Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $30,000. Finally, Addison Advisors LLC lifted its position in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD traded down $1.82 on Tuesday, hitting $158.38. The company’s stock had a trading volume of 57,985,168 shares, compared to its average volume of 72,251,242. The company has a market capitalization of $255.96 billion, a PE ratio of 309.89, a PEG ratio of 2.39 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a 50 day moving average price of $177.19 and a 200 day moving average price of $151.21.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.60 by $0.02. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on AMD. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. KeyCorp boosted their price objective on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. DZ Bank reissued a “hold” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Barclays boosted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Finally, Bank of America boosted their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $184.68.

Insiders Place Their Bets

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is currently owned by corporate 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.