Sivia Capital Partners LLC Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sivia Capital Partners LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% in the 1st quarter, HoldingsChannel reports. The fund owned 4,035 shares of the semiconductor manufacturer’s stock after purchasing an additional 170 shares during the period. Sivia Capital Partners LLC’s holdings in Advanced Micro Devices were worth $728,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in AMD. Truist Financial Corp grew its holdings in Advanced Micro Devices by 24.9% during the 3rd quarter. Truist Financial Corp now owns 464,188 shares of the semiconductor manufacturer’s stock valued at $47,728,000 after buying an additional 92,501 shares in the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 47.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 19,535 shares of the semiconductor manufacturer’s stock valued at $2,009,000 after acquiring an additional 6,303 shares during the last quarter. EULAV Asset Management boosted its position in shares of Advanced Micro Devices by 29.5% during the 3rd quarter. EULAV Asset Management now owns 145,000 shares of the semiconductor manufacturer’s stock valued at $14,909,000 after acquiring an additional 33,000 shares during the last quarter. Legacy Advisors LLC boosted its position in shares of Advanced Micro Devices by 17.3% during the 3rd quarter. Legacy Advisors LLC now owns 2,310 shares of the semiconductor manufacturer’s stock valued at $238,000 after acquiring an additional 340 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC boosted its position in shares of Advanced Micro Devices by 19.6% during the 3rd quarter. Key Client Fiduciary Advisors LLC now owns 5,321 shares of the semiconductor manufacturer’s stock valued at $547,000 after acquiring an additional 871 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMD. Evercore ISI dropped their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price target for the company. UBS Group dropped their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Truist Financial dropped their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Advanced Micro Devices Trading Up 0.0 %

NASDAQ AMD traded up $0.01 on Wednesday, hitting $164.32. 16,236,709 shares of the stock were exchanged, compared to its average volume of 64,593,523. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The firm has a market capitalization of $265.59 billion, a P/E ratio of 240.46, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The stock has a fifty day moving average price of $159.54 and a two-hundred day moving average price of $165.56.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 previous year, the company earned $0.43 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.61 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was 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 of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.65% of the company’s stock.

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.