ZEGA Investments LLC Takes $278,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

ZEGA Investments LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 2,266 shares of the semiconductor manufacturer’s stock, valued at approximately $278,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Shum Financial Group Inc. bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $858,000. State Street Corp increased its stake in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC raised its position in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after purchasing an additional 441,924 shares in the last quarter. Enzi Wealth purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $569,000. Finally, Welch Group LLC raised its holdings in shares of Advanced Micro Devices by 6.3% during the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock valued at $6,179,000 after buying an additional 2,981 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Loop Capital assumed coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective for the company. Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Down 0.7 %

Shares of AMD stock opened at $106.44 on Friday. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market capitalization of $172.48 billion, a price-to-earnings ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74. The company’s fifty day moving average price is $110.28 and its 200-day moving average price is $131.88.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices 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.