Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,967 shares of the semiconductor manufacturer’s stock after buying an additional 874 shares during the period. Legacy Financial Advisors Inc.’s holdings in Advanced Micro Devices were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMD. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Gables Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Addison Advisors LLC raised its position in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 62 shares during the last quarter. Finally, Peoples Bank KS purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $26,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial cut their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday. Mizuho reduced their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Wednesday, January 24th. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Stock Up 3.0 %

Shares of NASDAQ AMD traded up $4.44 during trading on Friday, reaching $150.60. 49,361,081 shares of the stock were exchanged, compared to its average volume of 55,429,640. The business’s 50-day moving average price is $175.41 and its 200 day moving average price is $151.81. The company has a market capitalization of $243.42 billion, a price-to-earnings ratio of 221.47, a price-to-earnings-growth ratio of 2.29 and a beta of 1.66. Advanced Micro Devices, Inc. has a twelve month low of $81.11 and a twelve month high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company posted $0.43 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.59 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on 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 owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock worth $34,637,833 in the last 90 days. 0.73% of the stock is owned by corporate insiders.

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.