Exchange Traded Concepts LLC Has $10.08 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Exchange Traded Concepts LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,453 shares of the semiconductor manufacturer’s stock after purchasing an additional 18,476 shares during the period. Exchange Traded Concepts LLC’s holdings in Advanced Micro Devices were worth $10,080,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMD. CX Institutional lifted its position in shares of Advanced Micro Devices by 53.1% in the 4th quarter. CX Institutional now owns 14,685 shares of the semiconductor manufacturer’s stock worth $1,774,000 after purchasing an additional 5,096 shares during the period. Zweig DiMenna Associates LLC grew its stake in Advanced Micro Devices by 1.7% during the fourth quarter. Zweig DiMenna Associates LLC now owns 120,846 shares of the semiconductor manufacturer’s stock worth $14,597,000 after purchasing an additional 2,047 shares during the period. Berbice Capital Management LLC bought a new stake in Advanced Micro Devices in the fourth quarter worth approximately $741,000. Encompass More Asset Management lifted its stake in Advanced Micro Devices by 8.5% in the fourth quarter. Encompass More Asset Management now owns 3,192 shares of the semiconductor manufacturer’s stock valued at $386,000 after buying an additional 249 shares during the period. Finally, Impact Partnership Wealth LLC boosted its holdings in shares of Advanced Micro Devices by 33.7% during the 4th quarter. Impact Partnership Wealth LLC now owns 3,711 shares of the semiconductor manufacturer’s stock worth $448,000 after buying an additional 935 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the 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 transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.6 %

Shares of AMD stock opened at $123.73 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30. The company’s fifty day simple moving average is $128.68 and its two-hundred day simple moving average is $144.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $200.79 billion, a price-to-earnings ratio of 111.39, a PEG ratio of 1.09 and a beta of 1.66.

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

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Mizuho dropped their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, January 10th. Loop Capital started coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective for the company. Morgan Stanley dropped their target price on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. HSBC reissued a “reduce” rating and issued a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Barclays cut their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.71.

Advanced Micro Devices Company 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.