Liberty One Investment Management LLC Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Liberty One Investment Management LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,363 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,074 shares during the quarter. Liberty One Investment Management LLC’s holdings in Advanced Micro Devices were worth $889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AMD. Romano Brothers AND Company increased its position in shares of Advanced Micro Devices by 7.8% during the fourth quarter. Romano Brothers AND Company now owns 13,579 shares of the semiconductor manufacturer’s stock worth $1,640,000 after purchasing an additional 980 shares in the last quarter. Cadinha & Co. LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $1,072,000. Whitaker Myers Wealth Managers LTD. lifted its stake in Advanced Micro Devices by 16.7% in the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 3,197 shares of the semiconductor manufacturer’s stock valued at $386,000 after buying an additional 457 shares during the last quarter. BNC Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 7.5% in the fourth quarter. BNC Wealth Management LLC now owns 48,308 shares of the semiconductor manufacturer’s stock valued at $5,835,000 after acquiring an additional 3,352 shares during the period. Finally, Wealth Alliance Advisory Group LLC grew its position in shares of Advanced Micro Devices by 42.9% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 10,034 shares of the semiconductor manufacturer’s stock worth $1,212,000 after acquiring an additional 3,014 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup dropped their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley decreased their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Piper Sandler reissued an “overweight” rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, Evercore ISI raised their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.61.

Advanced Micro Devices Trading Up 2.5 %

AMD stock opened at $121.46 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. The business has a fifty day simple moving average of $129.94 and a 200-day simple moving average of $145.32. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,036 shares of company stock worth $28,165,821. 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.