Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Bender Robert & Associates

Bender Robert & Associates increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,811 shares of the semiconductor manufacturer’s stock after acquiring an additional 70 shares during the quarter. Advanced Micro Devices makes up about 2.6% of Bender Robert & Associates’ holdings, making the stock its 13th biggest position. Bender Robert & Associates’ holdings in Advanced Micro Devices were worth $10,438,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Oliver Lagore Vanvalin Investment Group grew its position in Advanced Micro Devices by 36.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after purchasing an additional 72 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock worth $1,169,000 after buying an additional 77 shares during the period. Retirement Planning Group LLC grew its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock worth $542,000 after buying an additional 79 shares during the last quarter. Optas LLC increased its position in Advanced Micro Devices by 1.7% in the 4th quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock valued at $726,000 after acquiring an additional 80 shares during the period. Finally, Financial Management Professionals Inc. increased its position in Advanced Micro Devices by 5.2% in the 4th quarter. Financial Management Professionals Inc. now owns 1,629 shares of the semiconductor manufacturer’s stock valued at $240,000 after acquiring an additional 81 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of AMD traded up $1.06 during mid-day trading on Thursday, reaching $155.08. 52,038,613 shares of the company’s stock were exchanged, compared to its average volume of 74,670,625. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a market cap of $250.63 billion, a price-to-earnings ratio of 299.77, a PEG ratio of 2.49 and a beta of 1.64. The company has a 50-day simple moving average of $180.44 and a two-hundred day simple moving average of $148.23.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Advanced Micro Devices’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMD shares. Barclays lifted their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Citigroup boosted their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, April 4th. Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Monday, January 8th. Finally, Bank of America boosted their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Insiders Place Their Bets

In other news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last ninety days. Insiders own 0.73% of the company’s stock.

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.