TCG Advisory Services LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

TCG Advisory Services LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 115.5% in the fourth quarter, Holdings Channel reports. The firm owned 11,637 shares of the semiconductor manufacturer’s stock after buying an additional 6,238 shares during the period. TCG Advisory Services LLC’s holdings in Advanced Micro Devices were worth $1,715,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. TD Cowen upped their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup decreased their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI cut their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Stock Up 3.0 %

AMD stock traded up $4.44 during midday trading on Friday, hitting $150.60. 49,361,081 shares of the company’s stock were exchanged, compared to its average volume of 55,429,640. The stock 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. The firm has a 50 day moving average price of $175.41 and a 200-day moving average price of $151.81. Advanced Micro Devices, Inc. has a 12-month low of $81.11 and a 12-month high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping 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 firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the business earned $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.59 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $276,050,677.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s 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 disclosure for this sale can be found here. Insiders have 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 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.