Alpha Cubed Investments LLC Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alpha Cubed Investments LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 825.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,187 shares of the semiconductor manufacturer’s stock after purchasing an additional 142,873 shares during the period. Advanced Micro Devices comprises approximately 1.3% of Alpha Cubed Investments LLC’s holdings, making the stock its 25th largest holding. Alpha Cubed Investments LLC’s holdings in Advanced Micro Devices were worth $23,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. Chase Investment Counsel Corp boosted its position in Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $231,000. Pathway Financial Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $229,000. Independence Bank of Kentucky boosted its holdings in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $1,759,000. Institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, 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. In the last ninety days, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMD shares. DZ Bank reissued a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, March 7th. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. TD Cowen raised their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, April 17th. Finally, Bank of America lifted their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $184.68.

Advanced Micro Devices Trading Down 1.1 %

Shares of AMD stock traded down $1.82 on Tuesday, hitting $158.38. The stock had a trading volume of 57,985,168 shares, compared to its average volume of 72,251,242. The company’s 50 day moving average price is $177.19 and its 200-day moving average price is $151.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The firm has a market capitalization of $255.96 billion, a P/E ratio of 309.89, a P/E/G ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

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.