Cutter & CO Brokerage Inc. Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cutter & CO Brokerage Inc. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,392 shares of the semiconductor manufacturer’s stock after buying an additional 565 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Advanced Micro Devices were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. ARK Investment Management LLC increased its position in Advanced Micro Devices by 53.6% in the fourth quarter. ARK Investment Management LLC now owns 1,206,588 shares of the semiconductor manufacturer’s stock worth $145,744,000 after buying an additional 421,275 shares in the last quarter. Cavalier Investments LLC increased its position in Advanced Micro Devices by 4.1% in the fourth quarter. Cavalier Investments LLC now owns 8,570 shares of the semiconductor manufacturer’s stock worth $1,035,000 after buying an additional 336 shares in the last quarter. Longbow Finance SA increased its position in Advanced Micro Devices by 5.0% in the fourth quarter. Longbow Finance SA now owns 45,438 shares of the semiconductor manufacturer’s stock worth $5,488,000 after buying an additional 2,152 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $284,000. Finally, Hendley & Co. Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMD. Wedbush restated an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Friday, February 7th. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Argus set a $160.00 target price on Advanced Micro Devices in a research report on Thursday, February 6th. Finally, Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’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 in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction 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 ownership of the stock. The disclosure for this purchase can be found here. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $103.96 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $103.62 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market capitalization of $168.47 billion, a P/E ratio of 105.01, a P/E/G ratio of 1.11 and a beta of 1.66. The stock has a 50 day moving average price of $118.05 and a 200 day moving average price of $137.65.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current 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.