NEOS Investment Management LLC Purchases 28,163 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

NEOS Investment Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.3% during the fourth quarter, Holdings Channel reports. The firm owned 190,488 shares of the semiconductor manufacturer’s stock after acquiring an additional 28,163 shares during the quarter. NEOS Investment Management LLC’s holdings in Advanced Micro Devices were worth $23,009,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NCM Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 0.9% during the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after purchasing an additional 75 shares in the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in Advanced Micro Devices by 15.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock worth $94,000 after buying an additional 76 shares during the period. Northeast Financial Consultants Inc boosted its position in Advanced Micro Devices by 2.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock valued at $479,000 after acquiring an additional 81 shares in the last quarter. Abel Hall LLC grew its holdings in shares of Advanced Micro Devices by 4.6% during the 3rd quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock worth $304,000 after acquiring an additional 82 shares during the period. Finally, Segment Wealth Management LLC raised its position in shares of Advanced Micro Devices by 0.5% in the 4th quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer’s stock worth $1,937,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on AMD shares. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Stock Performance

AMD stock opened at $110.19 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28. The company has a market cap of $178.56 billion, a P/E ratio of 111.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The stock’s fifty day moving average price is $109.99 and its 200-day moving average price is $131.31.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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%. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was 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 owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by company insiders.

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.