Bay Rivers Group Buys 824 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bay Rivers Group raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,666 shares of the semiconductor manufacturer’s stock after purchasing an additional 824 shares during the quarter. Advanced Micro Devices accounts for about 2.3% of Bay Rivers Group’s holdings, making the stock its 18th biggest holding. Bay Rivers Group’s holdings in Advanced Micro Devices were worth $3,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Consilio Wealth Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $225,000. Cyndeo Wealth Partners LLC lifted its stake in Advanced Micro Devices by 308.2% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 12,140 shares of the semiconductor manufacturer’s stock worth $1,790,000 after purchasing an additional 9,166 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of Advanced Micro Devices by 6.0% in the 4th quarter. Brookstone Capital Management now owns 98,582 shares of the semiconductor manufacturer’s stock worth $14,532,000 after purchasing an additional 5,619 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Advanced Micro Devices by 1.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 62,323 shares of the semiconductor manufacturer’s stock valued at $9,187,000 after buying an additional 885 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in Advanced Micro Devices by 3.3% in the 4th quarter. Whittier Trust Co. now owns 137,482 shares of the semiconductor manufacturer’s stock worth $20,266,000 after buying an additional 4,336 shares during the last quarter. 68.43% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD traded down $1.05 during mid-day trading on Thursday, hitting $178.68. 74,501,281 shares of the stock were exchanged, compared to its average volume of 79,414,602. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company has a market cap of $285.89 billion, a PE ratio of 349.78, a price-to-earnings-growth ratio of 2.73 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The firm has a 50-day moving average of $178.33 and a two-hundred day moving average of $138.50.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same period in the prior year, the company earned $0.54 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. DZ Bank restated a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Roth Mkm lifted their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Monday, January 8th. Finally, Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.82.

Read Our Latest Stock Analysis on AMD

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares in the company, valued at $45,513,918.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices 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 sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 324,943 shares of company stock valued at $59,919,994. 0.73% of the stock is currently owned by company insiders.

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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