RB Capital Management LLC Acquires New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

RB Capital Management LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,533 shares of the semiconductor manufacturer’s stock, valued at approximately $226,000.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its stake in Advanced Micro Devices by 9.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 600,310 shares of the semiconductor manufacturer’s stock worth $61,724,000 after acquiring an additional 50,449 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in Advanced Micro Devices by 16.2% in the third quarter. Simon Quick Advisors LLC now owns 3,864 shares of the semiconductor manufacturer’s stock worth $397,000 after acquiring an additional 539 shares during the last quarter. Capital Advisors Inc. OK lifted its stake in Advanced Micro Devices by 5.4% in the third quarter. Capital Advisors Inc. OK now owns 3,262 shares of the semiconductor manufacturer’s stock worth $335,000 after acquiring an additional 166 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in Advanced Micro Devices by 63.4% in the third quarter. Stratos Wealth Partners LTD. now owns 67,210 shares of the semiconductor manufacturer’s stock worth $6,911,000 after acquiring an additional 26,081 shares during the last quarter. Finally, Stratos Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 53.4% in the third quarter. Stratos Wealth Advisors LLC now owns 10,683 shares of the semiconductor manufacturer’s stock worth $1,098,000 after acquiring an additional 3,719 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Roth Mkm decreased their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. KeyCorp reduced their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Piper Sandler restated an “overweight” rating and set a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $182.62.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $145.31 on Thursday. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock has a market cap of $234.84 billion, a PE ratio of 212.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.66. The firm’s fifty day simple moving average is $176.64 and its 200-day simple moving average is $151.54.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.74%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares in the company, valued at $45,513,918.60. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 in the last three months. Corporate insiders own 0.73% of the company’s stock.

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.