Parkside Investments LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Parkside Investments LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,676 shares of the semiconductor manufacturer's stock after acquiring an additional 4,310 shares during the quarter. Parkside Investments LLC's holdings in Advanced Micro Devices were worth $5,155,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Webster Bank N. A. raised its holdings in Advanced Micro Devices by 5.4% in the 4th quarter. Webster Bank N. A. now owns 2,104 shares of the semiconductor manufacturer's stock worth $254,000 after acquiring an additional 107 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Advanced Micro Devices by 7.2% during the fourth quarter. Pacer Advisors Inc. now owns 232,818 shares of the semiconductor manufacturer's stock valued at $28,122,000 after buying an additional 15,598 shares during the last quarter. United Asset Strategies Inc. raised its position in Advanced Micro Devices by 15.0% in the 4th quarter. United Asset Strategies Inc. now owns 3,209 shares of the semiconductor manufacturer's stock worth $388,000 after buying an additional 419 shares during the last quarter. waypoint wealth counsel lifted its stake in Advanced Micro Devices by 7.4% during the 4th quarter. waypoint wealth counsel now owns 1,810 shares of the semiconductor manufacturer's stock valued at $219,000 after acquiring an additional 125 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $34,366,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last three months. Corporate insiders own 0.73% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. TD Cowen reduced their price target on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Evercore ISI increased their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $176.33.

Advanced Micro Devices Price Performance

AMD stock traded down $7.79 on Monday, hitting $115.05. 51,492,554 shares of the company's stock traded hands, compared to its average volume of 38,529,199. The stock has a fifty day moving average of $128.12 and a 200-day moving average of $143.21. The stock has a market cap of $186.71 billion, a price-to-earnings ratio of 103.65, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $112.80 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business's revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

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.