Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 66.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the semiconductor manufacturer’s stock after buying an additional 20,000 shares during the quarter. Advanced Micro Devices makes up about 10.4% of Andar Capital Management HK Ltd’s holdings, making the stock its 2nd largest position. Andar Capital Management HK Ltd’s holdings in Advanced Micro Devices were worth $7,370,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Peoples Bank KS acquired a new position in Advanced Micro Devices in the 3rd quarter valued at about $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices in the 3rd quarter valued at about $27,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Addison Advisors LLC raised its stake 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 purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction 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 approximately $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 over the last three months. Company insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research note on Wednesday, January 24th. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Truist Financial dropped their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, Roth Mkm dropped their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $182.62.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $10.64 on Wednesday, hitting $147.74. 74,889,911 shares of the stock traded hands, compared to its average volume of 72,283,656. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company’s fifty day moving average is $177.04 and its 200 day moving average is $151.59. The company has a market capitalization of $238.77 billion, a PE ratio of 282.06, a PEG ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $0.43 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal 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.