Buckingham Capital Management Inc. Acquires 1,254 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Buckingham Capital Management Inc. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 92,088 shares of the semiconductor manufacturer’s stock after buying an additional 1,254 shares during the quarter. Advanced Micro Devices makes up 1.3% of Buckingham Capital Management Inc.’s investment portfolio, making the stock its 26th biggest position. Buckingham Capital Management Inc.’s holdings in Advanced Micro Devices were worth $11,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beta Wealth Group Inc. grew its holdings in shares of Advanced Micro Devices by 15.1% during the 4th quarter. Beta Wealth Group Inc. now owns 6,100 shares of the semiconductor manufacturer’s stock worth $737,000 after acquiring an additional 800 shares during the period. GAM Holding AG grew its holdings in shares of Advanced Micro Devices by 35.5% during the 4th quarter. GAM Holding AG now owns 43,024 shares of the semiconductor manufacturer’s stock worth $5,197,000 after acquiring an additional 11,273 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 9.8% during the 4th quarter. Venturi Wealth Management LLC now owns 37,950 shares of the semiconductor manufacturer’s stock worth $4,584,000 after acquiring an additional 3,402 shares during the period. Citizens & Northern Corp grew its holdings in shares of Advanced Micro Devices by 188.3% during the 4th quarter. Citizens & Northern Corp now owns 6,036 shares of the semiconductor manufacturer’s stock worth $729,000 after acquiring an additional 3,942 shares during the period. Finally, Empower Advisory Group LLC grew its holdings in shares of Advanced Micro Devices by 0.6% during the 4th quarter. Empower Advisory Group LLC now owns 25,706 shares of the semiconductor manufacturer’s stock worth $3,105,000 after acquiring an additional 151 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

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 value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $113.10 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The business’s fifty day moving average price is $120.43 and its 200-day moving average price is $138.70. The stock has a market capitalization of $183.28 billion, a price-to-earnings ratio of 114.24, a PEG ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results 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 return on equity of 7.42% and a net margin of 6.36%. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMD. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Evercore ISI upped their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. TD Cowen cut their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Bank of America cut their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Advanced Micro Devices Profile

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.