Silicon Valley Capital Partners Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Silicon Valley Capital Partners grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 257.8% in the fourth quarter, HoldingsChannel reports. The firm owned 108,712 shares of the semiconductor manufacturer’s stock after buying an additional 78,326 shares during the quarter. Advanced Micro Devices accounts for approximately 1.5% of Silicon Valley Capital Partners’ investment portfolio, making the stock its 17th largest holding. Silicon Valley Capital Partners’ holdings in Advanced Micro Devices were worth $13,131,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $199,000. Canvas Wealth Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 17.2% in the 4th quarter. Canvas Wealth Advisors LLC now owns 67,677 shares of the semiconductor manufacturer’s stock valued at $8,175,000 after acquiring an additional 9,929 shares during the last quarter. OMC Financial Services LTD lifted its holdings in shares of Advanced Micro Devices by 0.7% in the 4th quarter. OMC Financial Services LTD now owns 47,611 shares of the semiconductor manufacturer’s stock valued at $5,751,000 after acquiring an additional 352 shares during the last quarter. Activest Wealth Management lifted its holdings in shares of Advanced Micro Devices by 101.6% in the 4th quarter. Activest Wealth Management now owns 1,038 shares of the semiconductor manufacturer’s stock valued at $125,000 after acquiring an additional 523 shares during the last quarter. Finally, Stiles Financial Services Inc lifted its holdings in shares of Advanced Micro Devices by 1.1% in the 4th quarter. Stiles Financial Services Inc now owns 24,506 shares of the semiconductor manufacturer’s stock valued at $2,960,000 after acquiring an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on AMD shares. Mizuho lowered their price target on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Evercore ISI increased their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. TD Cowen lowered their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $107.56 on Monday. The company has a market capitalization of $174.30 billion, a price-to-earnings ratio of 108.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $123.42 and a 200 day moving average of $139.74.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

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.