Hoylecohen LLC Acquires 167 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hoylecohen LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,684 shares of the semiconductor manufacturer’s stock after purchasing an additional 167 shares during the quarter. Hoylecohen LLC’s holdings in Advanced Micro Devices were worth $1,575,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Chase Investment Counsel Corp boosted its position in shares of Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after buying an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $231,000. Pathway Financial Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $229,000. Independence Bank of Kentucky raised its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $1,759,000. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMD shares. Truist Financial reduced their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. Susquehanna decreased their target price on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a research note on Monday, April 29th. Barclays upped their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. KeyCorp decreased 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, May 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.26.

Advanced Micro Devices Trading Up 3.7 %

Advanced Micro Devices stock traded up $5.93 during trading hours on Friday, hitting $166.36. The stock had a trading volume of 54,868,646 shares, compared to its average volume of 48,877,128. The stock has a market cap of $268.89 billion, a price-to-earnings ratio of 244.65, a P/E/G ratio of 1.84 and a beta of 1.66. The business’s 50 day simple moving average is $164.25 and its 200-day simple moving average is $157.70. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.62 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders have sold a total of 165,650 shares of company stock worth $31,761,199 over the last quarter. Company insiders own 0.73% of the company’s stock.

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.