GKV Capital Management Co. Inc. Makes New $4.89 Million Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GKV Capital Management Co. Inc. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 40,501 shares of the semiconductor manufacturer’s stock, valued at approximately $4,892,000. Advanced Micro Devices makes up about 2.0% of GKV Capital Management Co. Inc.’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL lifted its position in Advanced Micro Devices by 91.7% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 1,338 shares of the semiconductor manufacturer’s stock valued at $162,000 after acquiring an additional 640 shares during the period. Farringdon Capital Ltd. bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $226,000. Main Street Financial Solutions LLC lifted its holdings in shares of Advanced Micro Devices by 3.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer’s stock valued at $314,000 after purchasing an additional 98 shares during the last quarter. Finer Wealth Management Inc. boosted its position in shares of Advanced Micro Devices by 2.6% in the 4th quarter. Finer Wealth Management Inc. now owns 19,610 shares of the semiconductor manufacturer’s stock worth $2,369,000 after purchasing an additional 497 shares in the last quarter. Finally, NFJ Investment Group LLC grew its stake in shares of Advanced Micro Devices by 60.6% in the 4th quarter. NFJ Investment Group LLC now owns 141,027 shares of the semiconductor manufacturer’s stock worth $17,035,000 after buying an additional 53,241 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

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

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $88.29 on Thursday. The company has a market capitalization of $142.70 billion, a P/E ratio of 89.18, a P/E/G ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The firm’s 50 day simple moving average is $101.86 and its two-hundred day simple moving average is $124.57. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

Analysts Set New Price Targets

Several research firms have commented on AMD. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. HSBC restated a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price target for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.76.

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.