Breed s Hill Capital LLC Buys New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Breed s Hill Capital LLC acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,219 shares of the semiconductor manufacturer’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Addison Advisors LLC boosted its position in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the last quarter. Schear Investment Advisers LLC grew its stake in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares in the last quarter. Fiduciary Group LLC increased its holdings in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 65 shares during the last quarter. EWA LLC raised its holdings in Advanced Micro Devices by 4.0% in the fourth quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock valued at $269,000 after acquiring an additional 70 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group boosted its stake 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 valued at $40,000 after acquiring an additional 72 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMD shares. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the stock from $180.00 to $225.00 in a research report on Tuesday, April 16th. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Tuesday. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a report on Wednesday, January 31st. Piper Sandler reissued an “overweight” rating and set a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, KeyCorp decreased their price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $183.94.

Advanced Micro Devices Stock Down 0.8 %

AMD stock traded down $1.23 during trading hours on Thursday, hitting $152.39. The company’s stock had a trading volume of 32,981,923 shares, compared to its average volume of 70,356,836. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The stock has a 50 day moving average price of $174.08 and a two-hundred day moving average price of $153.24. The company has a market capitalization of $246.31 billion, a PE ratio of 224.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (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 business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the firm earned $0.43 EPS. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The transaction was disclosed in a document filed 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 that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock worth $34,637,833 in the last 90 days. 0.65% of the stock is owned by company insiders.

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.