MCF Advisors LLC Acquires 152 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MCF Advisors LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,856 shares of the semiconductor manufacturer’s stock after buying an additional 152 shares during the quarter. MCF Advisors LLC’s holdings in Advanced Micro Devices were worth $224,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Octavia Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 9.5% in the fourth quarter. Octavia Wealth Advisors LLC now owns 6,235 shares of the semiconductor manufacturer’s stock worth $753,000 after purchasing an additional 541 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Advanced Micro Devices by 202.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 9,340 shares of the semiconductor manufacturer’s stock worth $1,128,000 after purchasing an additional 6,255 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 83.6% in the fourth quarter. Atomi Financial Group Inc. now owns 18,664 shares of the semiconductor manufacturer’s stock worth $2,254,000 after purchasing an additional 8,501 shares during the last quarter. Great Waters Wealth Management purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $282,000. Finally, LifePlan Financial LLC raised its stake in shares of Advanced Micro Devices by 14.2% in the fourth quarter. LifePlan Financial LLC now owns 3,278 shares of the semiconductor manufacturer’s stock worth $396,000 after purchasing an additional 408 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Up 1.2 %

Shares of AMD stock opened at $123.75 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock’s 50 day simple moving average is $128.99 and its two-hundred day simple moving average is $144.41. The company has a market cap of $200.82 billion, a PE ratio of 111.49, a price-to-earnings-growth ratio of 1.07 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Roth Mkm restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $177.71.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the 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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.65% 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.