Clear Street Derivatives LLC Has $170.63 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Clear Street Derivatives LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 109.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,412,635 shares of the semiconductor manufacturer's stock after acquiring an additional 739,207 shares during the quarter. Advanced Micro Devices accounts for approximately 2.2% of Clear Street Derivatives LLC's portfolio, making the stock its 5th largest holding. Clear Street Derivatives LLC owned about 0.09% of Advanced Micro Devices worth $170,632,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at $32,000. Finally, IAG Wealth Partners LLC grew its holdings in Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $33,000 after purchasing an additional 118 shares during the period. Institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Barclays dropped their price target on shares of Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Finally, Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.19.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $100.54 on Thursday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market cap of $162.50 billion, a price-to-earnings ratio of 101.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a 50-day moving average price of $97.30 and a 200-day moving average price of $117.39.

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

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.

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