Aptus Capital Advisors LLC Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aptus Capital Advisors LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 216.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,513 shares of the semiconductor manufacturer's stock after buying an additional 69,461 shares during the quarter. Aptus Capital Advisors LLC's holdings in Advanced Micro Devices were worth $12,262,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMD. Arrowroot Family Office LLC bought a new position in Advanced Micro Devices during the 4th quarter worth $214,000. Aspire Growth Partners LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $363,000. AlTi Global Inc. increased its holdings in shares of Advanced Micro Devices by 21.2% during the fourth quarter. AlTi Global Inc. now owns 5,097 shares of the semiconductor manufacturer's stock worth $616,000 after buying an additional 893 shares in the last quarter. Alaethes Wealth LLC increased its holdings in Advanced Micro Devices by 0.7% in the 4th quarter. Alaethes Wealth LLC now owns 15,656 shares of the semiconductor manufacturer's stock worth $1,891,000 after purchasing an additional 115 shares in the last quarter. Finally, 1248 Management LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $1,035,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 3.5 %

NASDAQ:AMD traded up $3.48 during trading hours on Thursday, hitting $103.84. The company had a trading volume of 34,267,154 shares, compared to its average volume of 42,407,583. The stock has a 50-day moving average price of $97.30 and a 200 day moving average price of $117.39. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market capitalization of $167.83 billion, a PE ratio of 104.64, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The business had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The company's revenue for the quarter was up 35.9% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMD shares. Robert W. Baird cut their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday. Morgan Stanley lowered their target price on Advanced Micro Devices from $137.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Stifel Nicolaus set a $132.00 price target on shares of Advanced Micro Devices in a research report on Monday, April 28th. Finally, Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $131.13.

About Advanced Micro Devices

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.