Claro Advisors LLC Acquires 2,212 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Posted by Defense World Staff on Jun 18th, 2023

Claro Advisors LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 65.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,586 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,212 shares during the quarter. Claro Advisors LLC’s holdings in Advanced Micro Devices were worth $362,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. raised its holdings in shares of Advanced Micro Devices by 103.5% in the fourth quarter. Mather Group LLC. now owns 8,843 shares of the semiconductor manufacturer’s stock valued at $573,000 after purchasing an additional 4,498 shares during the last quarter. Capital Asset Advisory Services LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $317,000. North Star Asset Management Inc. lifted its position in shares of Advanced Micro Devices by 0.9% during the 4th quarter. North Star Asset Management Inc. now owns 146,742 shares of the semiconductor manufacturer’s stock worth $9,504,000 after buying an additional 1,322 shares in the last quarter. DDFG Inc purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $453,000. Finally, Voya Investment Management LLC grew its holdings in shares of Advanced Micro Devices by 6.5% in the fourth quarter. Voya Investment Management LLC now owns 2,955,295 shares of the semiconductor manufacturer’s stock valued at $191,414,000 after acquiring an additional 179,209 shares in the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.

Insider Activity

In related news, insider Victor Peng sold 105,000 shares of Advanced Micro Devices stock in a transaction on Friday, June 9th. The shares were sold at an average price of $124.57, for a total value of $13,079,850.00. Following the transaction, the insider now directly owns 321,090 shares of the company’s stock, valued at $39,998,181.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, insider Victor Peng sold 105,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $124.57, for a total value of $13,079,850.00. Following the completion of the sale, the insider now owns 321,090 shares in the company, valued at approximately $39,998,181.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Harry A. Wolin sold 74,473 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $125.98, for a total value of $9,382,108.54. Following the transaction, the senior vice president now directly owns 1,424,864 shares in the company, valued at $179,504,366.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 291,973 shares of company stock valued at $33,708,784. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. 58.com reissued a “maintains” rating on shares of Advanced Micro Devices in a research report on Wednesday, May 3rd. Wedbush raised their price objective on shares of Advanced Micro Devices from $95.00 to $145.00 in a report on Monday, June 12th. BMO Capital Markets boosted their target price on shares of Advanced Micro Devices from $110.00 to $150.00 in a research note on Wednesday. Piper Sandler raised their price target on shares of Advanced Micro Devices from $110.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 6th. Finally, Northland Securities increased their price objective on Advanced Micro Devices from $68.00 to $81.00 in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $125.06.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $120.08 on Friday. The company’s fifty day moving average is $103.85 and its 200 day moving average is $87.37. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 52 week low of $54.57 and a 52 week high of $132.83. The stock has a market cap of $193.37 billion, a PE ratio of 522.09, a PEG ratio of 9.40 and a beta of 1.92.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its earnings results on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Advanced Micro Devices had a return on equity of 7.19% and a net margin of 1.71%. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.31 billion. During the same quarter in the previous year, the company posted $1.02 EPS. Advanced Micro Devices’s revenue for the quarter was down 9.1% on a year-over-year basis. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.17 earnings per share for the current year.

About Advanced Micro Devices

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.