Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Increased by Brookstone Capital Management

Brookstone Capital Management grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 57.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,043 shares of the semiconductor manufacturer’s stock after purchasing an additional 58,146 shares during the period. Brookstone Capital Management’s holdings in Advanced Micro Devices were worth $19,211,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMD. Creative Capital Management Investments LLC raised its holdings in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC increased its position in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Fairway Wealth LLC acquired a new position in Advanced Micro Devices during the second quarter worth $27,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the fourth quarter worth $26,000. Finally, Abich Financial Wealth Management LLC increased its position in Advanced Micro Devices by 101.8% during the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s 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 completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.44.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $0.45 during midday trading on Monday, reaching $115.59. The company had a trading volume of 16,206,558 shares, compared to its average volume of 39,971,059. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $187.58 billion, a price-to-earnings ratio of 104.14, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The stock has a fifty day simple moving average of $132.58 and a 200 day simple moving average of $146.57. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 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.