Asio Capital LLC Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Asio Capital LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 30,389 shares of the semiconductor manufacturer’s stock after acquiring an additional 947 shares during the period. Asio Capital LLC’s holdings in Advanced Micro Devices were worth $3,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AMD. Archford Capital Strategies LLC increased its holdings in Advanced Micro Devices by 39.1% during the fourth quarter. Archford Capital Strategies LLC now owns 13,090 shares of the semiconductor manufacturer’s stock worth $1,581,000 after buying an additional 3,680 shares during the last quarter. Jacksonville Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $572,000. Grange Capital LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $424,000. Toth Financial Advisory Corp lifted its stake in Advanced Micro Devices by 5.6% in the fourth quarter. Toth Financial Advisory Corp now owns 5,988 shares of the semiconductor manufacturer’s stock valued at $723,000 after purchasing an additional 315 shares during the last quarter. Finally, GSB Wealth Management LLC grew its holdings in Advanced Micro Devices by 37.7% during the fourth quarter. GSB Wealth Management LLC now owns 27,572 shares of the semiconductor manufacturer’s stock valued at $3,330,000 after purchasing an additional 7,542 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 over the last three months. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $122.84 on Friday. The stock has a market capitalization of $199.35 billion, a P/E ratio of 110.67, a PEG ratio of 1.09 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $114.41 and a 12-month high of $227.30. The stock has a 50-day moving average price of $128.12 and a 200-day moving average price of $143.73.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMD shares. UBS Group lowered their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Barclays lowered their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. HSBC reiterated a “reduce” rating and set a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $176.33.

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.