Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 115.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,637 shares of the semiconductor manufacturer’s stock after buying an additional 6,238 shares during the quarter. TCG Advisory Services LLC’s holdings in Advanced Micro Devices were worth $1,715,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Brown Advisory Inc. increased its stake in Advanced Micro Devices by 22.9% during the third quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock worth $2,827,000 after purchasing an additional 5,123 shares during the period. Segment Wealth Management LLC lifted its holdings in Advanced Micro Devices by 442.8% during the 3rd quarter. Segment Wealth Management LLC now owns 10,683 shares of the semiconductor manufacturer’s stock worth $1,098,000 after buying an additional 8,715 shares in the last quarter. Kennedy Investment Group boosted its position in Advanced Micro Devices by 160.0% in the 3rd quarter. Kennedy Investment Group now owns 4,977 shares of the semiconductor manufacturer’s stock valued at $512,000 after buying an additional 3,063 shares during the period. Sage Mountain Advisors LLC grew its stake in shares of Advanced Micro Devices by 10.5% in the third quarter. Sage Mountain Advisors LLC now owns 5,817 shares of the semiconductor manufacturer’s stock worth $598,000 after acquiring an additional 552 shares in the last quarter. Finally, BNC Wealth Management LLC increased its position in shares of Advanced Micro Devices by 3.1% during the third quarter. BNC Wealth Management LLC now owns 37,388 shares of the semiconductor manufacturer’s stock worth $3,844,000 after acquiring an additional 1,121 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $4.44 during trading hours on Friday, hitting $150.60. The company’s stock had a trading volume of 49,361,081 shares, compared to its average volume of 55,429,640. The company has a market capitalization of $243.42 billion, a PE ratio of 221.47, a PEG ratio of 2.29 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $81.11 and a 52-week high of $227.30. The business’s 50-day moving average is $175.41 and its two-hundred day moving average is $151.81. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the business earned $0.43 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.59 EPS for the current fiscal year.

Insider Buying and Selling

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 sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, 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 quarter. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AMD shares. JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. TD Cowen increased their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, KeyCorp dropped their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.24.

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.