X Square Capital LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

X Square Capital LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 36,530 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,124 shares during the quarter. Advanced Micro Devices comprises about 1.8% of X Square Capital LLC’s holdings, making the stock its 12th biggest holding. X Square Capital LLC’s holdings in Advanced Micro Devices were worth $4,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $25,000. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $29,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $32,000. Finally, IAG Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 118 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired 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 owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price target for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. UBS Group set a $175.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Finally, Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Stock Down 3.2 %

AMD opened at $106.65 on Friday. The business’s fifty day simple moving average is $109.75 and its 200 day simple moving average is $131.14. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $172.82 billion, a P/E ratio of 107.73, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting 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 anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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.