Certuity LLC Purchases 534 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Certuity LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,813 shares of the semiconductor manufacturer’s stock after acquiring an additional 534 shares during the quarter. Certuity LLC’s holdings in Advanced Micro Devices were worth $1,447,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norden Group LLC grew its holdings in Advanced Micro Devices by 6.5% during the 4th quarter. Norden Group LLC now owns 4,077 shares of the semiconductor manufacturer’s stock valued at $601,000 after buying an additional 250 shares in the last quarter. Duff & Phelps Investment Management Co. lifted its stake in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 18,040 shares of the semiconductor manufacturer’s stock valued at $2,659,000 after purchasing an additional 180 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Advanced Micro Devices by 14.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 63,511 shares of the semiconductor manufacturer’s stock valued at $9,362,000 after purchasing an additional 8,067 shares during the last quarter. Ledyard National Bank bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $227,000. Finally, Crew Capital Management Ltd. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $344,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 over the last quarter. 0.65% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Truist Financial raised their price target on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Barclays lifted their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Finally, Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $184.68.

Advanced Micro Devices Stock Up 0.1 %

NASDAQ:AMD traded up $0.13 during trading hours on Tuesday, hitting $160.33. The company’s stock had a trading volume of 40,491,097 shares, compared to its average volume of 72,019,227. The stock has a market capitalization of $259.12 billion, a P/E ratio of 309.89, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. The stock has a fifty day moving average of $177.19 and a 200-day moving average of $151.21. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30.

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

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.