Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 83.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,664 shares of the semiconductor manufacturer’s stock after acquiring an additional 8,501 shares during the quarter. Atomi Financial Group Inc.’s holdings in Advanced Micro Devices were worth $2,254,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AMD. Great Waters Wealth Management acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $282,000. LifePlan Financial LLC boosted its position in Advanced Micro Devices by 14.2% during the 4th quarter. LifePlan Financial LLC now owns 3,278 shares of the semiconductor manufacturer’s stock worth $396,000 after purchasing an additional 408 shares during the period. Clear Harbor Asset Management LLC lifted its holdings in Advanced Micro Devices by 100.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 6,664 shares of the semiconductor manufacturer’s stock worth $805,000 after buying an additional 3,346 shares in the last quarter. Segment Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 0.5% in the 4th quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer’s stock valued at $1,937,000 after acquiring an additional 87 shares during the last quarter. Finally, TB Alternative Assets Ltd. bought a new stake in Advanced Micro Devices in the fourth quarter valued at $14,172,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’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 sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 over the last 90 days. 0.65% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on AMD. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Mizuho lowered their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Piper Sandler reissued an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, Wells Fargo & Company cut their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.61.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $121.46 on Tuesday. 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 stock has a market capitalization of $197.11 billion, a price-to-earnings ratio of 109.42, a P/E/G ratio of 1.07 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12-month low of $114.41 and a 12-month high of $227.30. The stock has a 50-day simple moving average of $129.42 and a 200 day simple moving average of $144.76.

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