Tyche Wealth Partners LLC Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tyche Wealth Partners LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 2,553 shares of the semiconductor manufacturer’s stock, valued at approximately $376,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Advanced Micro Devices by 0.8% during the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after acquiring an additional 1,153,611 shares in the last quarter. State Street Corp grew its position in shares of Advanced Micro Devices by 1.7% during the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after buying an additional 1,112,077 shares in the last quarter. Norges Bank bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $1,252,070,000. Northern Trust Corp raised its holdings in Advanced Micro Devices by 35.5% in the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after acquiring an additional 4,475,368 shares in the last quarter. Finally, Barclays PLC increased its holdings in Advanced Micro Devices by 38.5% in the second quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock valued at $1,015,677,000 after buying an additional 2,479,272 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $154.02 on Thursday. The company has a market capitalization of $248.92 billion, a price-to-earnings ratio of 296.20, a P/E/G ratio of 2.44 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $180.44 and its 200-day simple moving average is $148.23.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last quarter, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research analyst reports. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, April 4th. The Goldman Sachs Group lifted their price target on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Evercore ISI started coverage on shares of Advanced Micro Devices in a research note on Tuesday. They set an “outperform” rating and a $200.00 price objective on the stock. Barclays lifted their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $185.15.

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.