RFG Bristol Wealth Advisors LLC Buys New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

RFG Bristol Wealth Advisors LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 7,014 shares of the semiconductor manufacturer’s stock, valued at approximately $847,000.

Other hedge funds also recently made changes to their positions in the company. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $29,000. Summit Securities Group LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter worth $32,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 0.0 %

NASDAQ:AMD opened at $102.78 on Wednesday. The company’s 50-day simple moving average is $108.62 and its 200-day simple moving average is $130.00. 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 $94.73 and a fifty-two week high of $187.28. The stock has a market capitalization of $166.55 billion, a P/E ratio of 103.82, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMD. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Truist Financial set a $130.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

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.