CV Advisors LLC Buys Shares of 1,662 Advanced Micro Devices, Inc. (NASDAQ:AMD)

CV Advisors LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,662 shares of the semiconductor manufacturer’s stock, valued at approximately $245,000. Advanced Micro Devices comprises 0.2% of CV Advisors LLC’s investment portfolio, making the stock its 19th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMD. International Assets Investment Management LLC grew its position in Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after acquiring an additional 3,714,069 shares in the last quarter. Sylebra Capital LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at $227,566,000. Atreides Management LP boosted its holdings in Advanced Micro Devices by 114.3% in the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock valued at $351,925,000 after purchasing an additional 1,825,557 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Advanced Micro Devices in the third quarter valued at $169,199,000. Finally, Jennison Associates LLC raised its position in shares of Advanced Micro Devices by 5.9% in the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after acquiring an additional 1,490,997 shares during the period. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 in the last 90 days. Company insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upped their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Morgan Stanley increased their price objective on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $190.00 price objective on shares of Advanced Micro Devices in a research report on Monday, March 4th. Citigroup increased their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Stock Up 2.4 %

NASDAQ:AMD traded up $3.63 during trading hours on Tuesday, reaching $152.27. 45,241,329 shares of the stock were exchanged, compared to its average volume of 73,879,648. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm has a 50 day moving average of $179.18 and a 200 day moving average of $149.56. The stock has a market cap of $246.09 billion, a PE ratio of 293.74, a PEG ratio of 2.23 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

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.