Virtu Financial LLC Acquires Shares of 92,061 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Virtu Financial LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 92,061 shares of the semiconductor manufacturer's stock, valued at approximately $11,120,000. Advanced Micro Devices makes up about 0.6% of Virtu Financial LLC's investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bear Mountain Capital Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in shares of Advanced Micro Devices in the third quarter worth about $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $32,000. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMD. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Piper Sandler reissued an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. KeyCorp dropped their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, DZ Bank downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $155.14.

Remove Ads

Insider Activity

In other news, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction dated Friday, February 7th. The shares were acquired 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 of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

AMD traded up $0.96 during trading on Tuesday, hitting $114.81. The company's stock had a trading volume of 28,999,368 shares, compared to its average volume of 43,498,447. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $186.05 billion, a price-to-earnings ratio of 115.97, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The firm's 50 day moving average price is $110.21 and its two-hundred day moving average price is $131.60. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly 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 net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share 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.