Callan Family Office LLC Takes $2.30 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Callan Family Office LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,057 shares of the semiconductor manufacturer's stock, valued at approximately $2,302,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Van ECK Associates Corp increased its position in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. State Street Corp increased its position 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 worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock worth $3,195,000,000 after purchasing an additional 1,565,083 shares during the last quarter. Alecta Tjanstepension Omsesidigt bought a new stake in Advanced Micro Devices in the fourth quarter worth $165,952,000. Finally, Clear Street Derivatives LLC bought a new stake in Advanced Micro Devices in the third quarter worth $110,496,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 1.5 %

Advanced Micro Devices stock traded up $1.46 during trading hours on Friday, reaching $100.31. The stock had a trading volume of 33,215,626 shares, compared to its average volume of 40,023,836. Advanced Micro Devices, Inc. has a 52 week low of $95.89 and a 52 week high of $227.30. 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 cap of $162.55 billion, a price-to-earnings ratio of 101.32, a PEG ratio of 1.11 and a beta of 1.74. The business's 50 day moving average price is $114.39 and its 200-day moving average price is $135.13.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting 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 anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research reports. Benchmark restated a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Bank of America cut their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Mizuho cut their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Loop Capital started coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a "buy" rating and a $175.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine 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.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $155.83.

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.