Bailard Inc. Buys 2,822 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bailard Inc. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 90,813 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,822 shares during the period. Bailard Inc.’s holdings in Advanced Micro Devices were worth $10,969,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in AMD. Swedbank AB raised its position in Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after acquiring an additional 17,446 shares during the period. Howard Capital Management Group LLC raised its position in Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares during the period. Summit Wealth Partners LLC raised its position in Advanced Micro Devices by 11.7% in the third quarter. Summit Wealth Partners LLC now owns 1,590 shares of the semiconductor manufacturer’s stock worth $261,000 after acquiring an additional 166 shares during the period. Stephens Inc. AR raised its position in Advanced Micro Devices by 19.6% in the third quarter. Stephens Inc. AR now owns 33,290 shares of the semiconductor manufacturer’s stock worth $5,462,000 after acquiring an additional 5,449 shares during the period. Finally, Focus Financial Network Inc. raised its position in Advanced Micro Devices by 24.6% in the third quarter. Focus Financial Network Inc. now owns 10,463 shares of the semiconductor manufacturer’s stock worth $1,717,000 after acquiring an additional 2,066 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.3 %

Shares of AMD opened at $99.81 on Friday. The firm has a market cap of $161.74 billion, a price-to-earnings ratio of 100.82, a PEG ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a fifty-two week low of $98.69 and a fifty-two week high of $227.30. The firm has a 50 day moving average price of $116.94 and a 200-day moving average price of $136.87.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 76,496 shares of the company’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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research note on Friday, February 7th. Mizuho reduced their target price on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. HSBC reiterated a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $155.83.

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.