Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Stamos Capital Partners L.P.

Stamos Capital Partners L.P. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 72.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,530 shares of the semiconductor manufacturer's stock after buying an additional 15,370 shares during the period. Advanced Micro Devices comprises about 1.0% of Stamos Capital Partners L.P.'s portfolio, making the stock its 24th largest holding. Stamos Capital Partners L.P.'s holdings in Advanced Micro Devices were worth $4,412,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, EVP Philip Guido bought 4,645 shares of the 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 acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company's stock.

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Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Benchmark reiterated a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Bank of America lowered their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.76.

Advanced Micro Devices Stock Performance

AMD stock traded up $0.79 on Tuesday, hitting $95.29. The company's stock had a trading volume of 26,101,434 shares, compared to its average volume of 43,306,782. The stock has a market cap of $154.02 billion, a price-to-earnings ratio of 96.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm has a 50 day moving average of $102.25 and a two-hundred day moving average of $124.83. 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, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS 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.