Sycomore Asset Management Buys 26,020 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sycomore Asset Management grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 62.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,942 shares of the semiconductor manufacturer’s stock after purchasing an additional 26,020 shares during the quarter. Sycomore Asset Management’s holdings in Advanced Micro Devices were worth $8,207,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quilter Plc raised its holdings in Advanced Micro Devices by 3.9% during the fourth quarter. Quilter Plc now owns 941,202 shares of the semiconductor manufacturer’s stock worth $113,688,000 after buying an additional 35,094 shares during the last quarter. Silicon Valley Capital Partners raised its holdings in shares of Advanced Micro Devices by 257.8% in the 4th quarter. Silicon Valley Capital Partners now owns 108,712 shares of the semiconductor manufacturer’s stock worth $13,131,000 after acquiring an additional 78,326 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in Advanced Micro Devices in the 4th quarter valued at about $199,000. Canvas Wealth Advisors LLC boosted its stake in Advanced Micro Devices by 17.2% during the 4th quarter. Canvas Wealth Advisors LLC now owns 67,677 shares of the semiconductor manufacturer’s stock valued at $8,175,000 after purchasing an additional 9,929 shares during the last quarter. Finally, OMC Financial Services LTD raised its stake in shares of Advanced Micro Devices by 0.7% in the fourth quarter. OMC Financial Services LTD now owns 47,611 shares of the semiconductor manufacturer’s stock worth $5,751,000 after purchasing an additional 352 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. TD Cowen dropped their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price for the company. in a research report on Friday. Finally, Stifel Nicolaus cut their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Advanced Micro Devices Stock Down 2.4 %

AMD stock opened at $107.56 on Monday. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The company has a market capitalization of $174.30 billion, a price-to-earnings ratio of 108.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The business’s 50 day moving average price is $123.42 and its two-hundred day moving average price is $139.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62.

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, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal 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.