Blue Edge Capital LLC Has $3 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Blue Edge Capital LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,798 shares of the semiconductor manufacturer’s stock after selling 310 shares during the quarter. Blue Edge Capital LLC’s holdings in Advanced Micro Devices were worth $2,995,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $32,000. Institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 23.8 %

Shares of AMD stock opened at $96.84 on Thursday. 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 firm has a market cap of $156.52 billion, a PE ratio of 97.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a 50-day moving average of $103.93 and a two-hundred day moving average of $126.77. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of several analyst reports. Stifel Nicolaus cut their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Argus set a $160.00 price target on shares of Advanced Micro Devices in a report on Thursday, February 6th. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.34.

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.