Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Empirical Asset Management LLC

Empirical Asset Management LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 86.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,687 shares of the semiconductor manufacturer's stock after acquiring an additional 6,820 shares during the period. Empirical Asset Management LLC's holdings in Advanced Micro Devices were worth $1,774,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AMD. Creative Capital Management Investments LLC increased its position in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC grew its position in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $26,000. Abich Financial Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock worth $36,000 after buying an additional 111 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in Advanced Micro Devices in the 3rd quarter worth about $41,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

AMD stock traded up $3.02 during midday trading on Friday, reaching $121.46. 35,556,654 shares of the company's stock traded hands, compared to its average volume of 34,940,360. The stock's 50-day moving average is $129.94 and its 200 day moving average is $145.32. The stock has a market cap of $197.11 billion, a P/E ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMD shares. Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Roth Mkm reiterated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Hsbc Global Res downgraded Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Cantor Fitzgerald reiterated an "overweight" rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $178.61.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

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.