Cary Street Partners Financial LLC Invests $4.03 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cary Street Partners Financial LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 33,337 shares of the semiconductor manufacturer’s stock, valued at approximately $4,027,000.

Several other large investors also recently bought and sold shares of AMD. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $29,000. Summit Securities Group LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at $31,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth $32,000. Finally, IAG Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after buying an additional 118 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 1.8 %

Shares of NASDAQ:AMD opened at $100.59 on Tuesday. The company has a 50-day moving average price of $97.30 and a 200 day moving average price of $117.64. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a market cap of $162.58 billion, a price-to-earnings ratio of 101.61, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on AMD shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Monday, April 28th. UBS Group dropped their price objective on shares of Advanced Micro Devices from $175.00 to $155.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Melius Research reaffirmed a “hold” rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Susquehanna reduced their price objective on Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $139.57.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by corporate insiders.

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.