Rye Brook Capital LLC Invests $1.56 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Rye Brook Capital LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,950 shares of the semiconductor manufacturer's stock, valued at approximately $1,564,000. Advanced Micro Devices comprises about 1.9% of Rye Brook Capital LLC's portfolio, making the stock its 18th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lyell Wealth Management LP lifted its position in Advanced Micro Devices by 1.3% in the 4th quarter. Lyell Wealth Management LP now owns 88,365 shares of the semiconductor manufacturer's stock worth $10,674,000 after buying an additional 1,125 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Advanced Micro Devices by 17.1% during the 4th quarter. Global Retirement Partners LLC now owns 31,198 shares of the semiconductor manufacturer's stock valued at $3,768,000 after purchasing an additional 4,556 shares during the last quarter. DSM Capital Partners LLC raised its position in Advanced Micro Devices by 6.2% in the 4th quarter. DSM Capital Partners LLC now owns 1,349,087 shares of the semiconductor manufacturer's stock worth $162,956,000 after purchasing an additional 78,769 shares during the period. SilverOak Wealth Management LLC raised its position in Advanced Micro Devices by 12.1% in the 4th quarter. SilverOak Wealth Management LLC now owns 3,341 shares of the semiconductor manufacturer's stock worth $404,000 after purchasing an additional 360 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $468,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMD. Evercore ISI lifted their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Summit Insights raised Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Piper Sandler lowered their price objective on Advanced Micro Devices from $180.00 to $140.00 and set an "overweight" rating for the company in a research report on Wednesday, February 5th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Finally, StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $158.70.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Stock Down 2.9 %

Advanced Micro Devices stock traded down $3.33 during mid-day trading on Friday, hitting $110.84. The company had a trading volume of 41,194,513 shares, compared to its average volume of 40,816,133. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The company has a market capitalization of $179.61 billion, a PE ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The stock's 50 day moving average price is $118.84 and its two-hundred day moving average price is $137.94. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted 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 return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.