Buffington Mohr McNeal Has $7.43 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Buffington Mohr McNeal grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 61,488 shares of the semiconductor manufacturer’s stock after acquiring an additional 500 shares during the period. Buffington Mohr McNeal’s holdings in Advanced Micro Devices were worth $7,427,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Spectrum Strategic Capital Management LLC boosted its holdings in Advanced Micro Devices by 21.4% in the fourth quarter. Spectrum Strategic Capital Management LLC now owns 14,193 shares of the semiconductor manufacturer’s stock valued at $1,714,000 after acquiring an additional 2,504 shares during the last quarter. Mattern Wealth Management LLC increased its position in shares of Advanced Micro Devices by 7.8% during the fourth quarter. Mattern Wealth Management LLC now owns 2,196 shares of the semiconductor manufacturer’s stock worth $265,000 after buying an additional 159 shares during the period. Bay Rivers Group lifted its holdings in Advanced Micro Devices by 1.5% in the fourth quarter. Bay Rivers Group now owns 26,365 shares of the semiconductor manufacturer’s stock valued at $3,185,000 after buying an additional 400 shares during the period. Slow Capital Inc. boosted its position in Advanced Micro Devices by 1.4% during the fourth quarter. Slow Capital Inc. now owns 27,095 shares of the semiconductor manufacturer’s stock valued at $3,273,000 after acquiring an additional 371 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its position in shares of Advanced Micro Devices by 33.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 26,224 shares of the semiconductor manufacturer’s stock worth $3,168,000 after acquiring an additional 6,629 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 6.3 %

AMD opened at $115.05 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $112.80 and a twelve month high of $227.30. The company’s 50-day moving average price is $128.12 and its two-hundred day moving average price is $143.21. The stock has a market cap of $186.71 billion, a price-to-earnings ratio of 103.65, a PEG ratio of 1.09 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting 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 business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMD shares. Citigroup lowered their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Wells Fargo & Company reduced their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Roth Mkm reissued a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $174.64.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction 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 sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last 90 days. Insiders own 0.73% of the company’s stock.

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.