Syon Capital LLC Raises Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Syon Capital LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,716 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,886 shares during the quarter. Syon Capital LLC’s holdings in Advanced Micro Devices were worth $2,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Schear Investment Advisers LLC boosted its position in shares of 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 acquiring an additional 64 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its position in Advanced Micro Devices by 36.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 72 shares during the last quarter. Avior Wealth Management LLC lifted its position in Advanced Micro Devices by 1.0% in the fourth quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock valued at $1,169,000 after buying an additional 77 shares during the last quarter. Retirement Planning Group LLC lifted its position in Advanced Micro Devices by 2.2% in the fourth quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock valued at $542,000 after buying an additional 79 shares during the last quarter. Finally, Optas LLC increased its stake in Advanced Micro Devices by 1.7% during the fourth quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock worth $726,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the 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 sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 in the last three months. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent research reports. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Citigroup boosted their price target on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price 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. Finally, Melius Research upgraded 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 research note on Monday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Trading Up 2.4 %

AMD traded up $3.64 during midday trading on Friday, hitting $157.40. The company’s stock had a trading volume of 42,347,157 shares, compared to its average volume of 72,773,938. The company has a current ratio of 2.51, a quick ratio of 1.86 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 firm has a market cap of $254.38 billion, a P/E ratio of 303.56, a PEG ratio of 2.31 and a beta of 1.64. The firm has a 50-day moving average price of $177.79 and a two-hundred day moving average price of $149.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

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.