Clear Street Derivatives LLC Has $170.63 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Clear Street Derivatives LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 109.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,412,635 shares of the semiconductor manufacturer’s stock after purchasing an additional 739,207 shares during the quarter. Advanced Micro Devices comprises about 2.2% of Clear Street Derivatives LLC’s holdings, making the stock its 5th biggest holding. Clear Street Derivatives LLC’s holdings in Advanced Micro Devices were worth $170,632,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after acquiring an additional 588,595 shares during the period. Park National Corp OH increased its holdings in Advanced Micro Devices by 87.1% in the 4th quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer’s stock worth $324,000 after acquiring an additional 1,249 shares in the last quarter. Watts Gwilliam & Co. LLC raised its stake in Advanced Micro Devices by 151.6% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer’s stock worth $2,455,000 after acquiring an additional 11,616 shares during the period. Sage Capital Advisors llc increased its stake in shares of Advanced Micro Devices by 1.6% in the fourth quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer’s stock worth $771,000 after purchasing an additional 98 shares in the last quarter. Finally, Jacobs & Co. CA boosted its holdings in Advanced Micro Devices by 13.2% in the 4th quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer’s stock worth $10,753,000 after buying an additional 10,404 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $100.54 on Thursday. The stock has a market capitalization of $162.50 billion, a price-to-earnings ratio of 101.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm has a 50-day simple moving average of $97.30 and a 200-day simple moving average of $117.39. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same period last year, the company posted $0.62 EPS. The business’s revenue was up 35.9% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AMD shares. KeyCorp cut Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a report on Tuesday, April 8th. Wells Fargo & Company cut their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Piper Sandler restated an “overweight” rating and set a $125.00 price objective (down previously from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday. Morgan Stanley decreased their target price on Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Loop Capital cut their price target on Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.19.

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.