Valley Brook Capital Group Inc. Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Valley Brook Capital Group Inc. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,280 shares of the semiconductor manufacturer’s stock after purchasing an additional 920 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Advanced Micro Devices were worth $484,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Sheets Smith Wealth Management purchased a new stake in Advanced Micro Devices in the 4th quarter worth $310,000. TCI Wealth Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 7.3% in the 4th quarter. TCI Wealth Advisors Inc. now owns 3,757 shares of the semiconductor manufacturer’s stock worth $554,000 after buying an additional 255 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC increased its holdings in shares of Advanced Micro Devices by 3.4% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 2,178 shares of the semiconductor manufacturer’s stock worth $321,000 after buying an additional 72 shares during the last quarter. Clearstead Trust LLC increased its holdings in shares of Advanced Micro Devices by 327.7% in the 4th quarter. Clearstead Trust LLC now owns 5,350 shares of the semiconductor manufacturer’s stock worth $789,000 after buying an additional 4,099 shares during the last quarter. Finally, Noesis Capital Mangement Corp bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $354,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a report on Wednesday, January 31st. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Monday, January 8th. Roth Mkm reduced their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday. Finally, The Goldman Sachs Group upped their price target on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $184.24.

Insider Transactions at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,850 shares of company stock valued at $34,637,833. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 3.0 %

Shares of AMD traded up $4.44 during mid-day trading on Friday, hitting $150.60. The company’s stock had a trading volume of 49,361,081 shares, compared to its average volume of 55,429,640. The company’s 50-day moving average is $175.41 and its 200-day moving average is $152.49. Advanced Micro Devices, Inc. has a 52-week low of $81.11 and a 52-week high of $227.30. The firm has a market capitalization of $243.42 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.36 and a beta of 1.66. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the company earned $0.43 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

About Advanced Micro Devices

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.