Crescent Grove Advisors LLC Purchases New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Crescent Grove Advisors LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 4,840 shares of the semiconductor manufacturer’s stock, valued at approximately $585,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. lifted its position in Advanced Micro Devices by 3.8% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 38,530 shares of the semiconductor manufacturer’s stock valued at $4,654,000 after buying an additional 1,414 shares during the period. Asio Capital LLC increased its stake in shares of Advanced Micro Devices by 3.2% in the 4th quarter. Asio Capital LLC now owns 30,389 shares of the semiconductor manufacturer’s stock worth $3,671,000 after acquiring an additional 947 shares in the last quarter. Archford Capital Strategies LLC lifted its position in Advanced Micro Devices by 39.1% during the 4th quarter. Archford Capital Strategies LLC now owns 13,090 shares of the semiconductor manufacturer’s stock valued at $1,581,000 after acquiring an additional 3,680 shares during the period. Jacksonville Wealth Management LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $572,000. Finally, Grange Capital LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $424,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMD. Bank of America downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Mizuho decreased their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, KeyCorp cut their price target on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $176.33.

Insider Activity

In related news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 over the last quarter. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 0.2 %

Shares of Advanced Micro Devices stock opened at $122.84 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company has a fifty day moving average of $128.12 and a 200 day moving average of $143.73. The company has a market capitalization of $199.35 billion, a P/E ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30.

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