Romano Brothers AND Company Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Romano Brothers AND Company grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,579 shares of the semiconductor manufacturer’s stock after buying an additional 980 shares during the period. Romano Brothers AND Company’s holdings in Advanced Micro Devices were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. ProVise Management Group LLC acquired a new position in shares of Advanced Micro Devices in the second quarter worth about $399,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Advanced Micro Devices by 7.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 34,780 shares of the semiconductor manufacturer’s stock valued at $5,642,000 after purchasing an additional 2,461 shares in the last quarter. Callan Capital LLC raised its holdings in Advanced Micro Devices by 9.7% in the 2nd quarter. Callan Capital LLC now owns 3,662 shares of the semiconductor manufacturer’s stock worth $594,000 after purchasing an additional 325 shares during the period. Bridges Investment Management Inc. boosted its position in Advanced Micro Devices by 66.0% during the second quarter. Bridges Investment Management Inc. now owns 2,096 shares of the semiconductor manufacturer’s stock worth $340,000 after purchasing an additional 833 shares in the last quarter. Finally, King Luther Capital Management Corp grew its holdings in Advanced Micro Devices by 1.9% in the second quarter. King Luther Capital Management Corp now owns 51,075 shares of the semiconductor manufacturer’s stock valued at $8,285,000 after purchasing an additional 969 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMD. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Loop Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective on the stock. Citigroup cut their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Finally, Piper Sandler reissued an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.61.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $121.46 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week high of $227.30. The business has a fifty day moving average of $129.94 and a two-hundred day moving average of $145.32. The stock has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current 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.