DiNuzzo Private Wealth Inc. Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

DiNuzzo Private Wealth Inc. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,443 shares of the semiconductor manufacturer’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gables Capital Management Inc. bought a new stake in Advanced Micro Devices during the fourth quarter worth about $29,000. Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $30,000. Addison Advisors LLC increased its position in Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares during the last quarter. Peoples Bank KS acquired a new position in Advanced Micro Devices during the third quarter worth approximately $26,000. Finally, Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the third quarter worth approximately $27,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 8.3 %

Advanced Micro Devices stock traded down $13.11 during mid-day trading on Wednesday, reaching $145.27. The stock had a trading volume of 64,778,756 shares, compared to its average volume of 72,164,867. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock’s 50-day simple moving average is $177.04 and its 200-day simple moving average is $151.59. The firm has a market capitalization of $234.78 billion, a PE ratio of 275.51, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter last year, the firm posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares in the company, valued at $457,151.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 341,143 shares of company stock valued at $62,580,844. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AMD shares. Morgan Stanley lowered their price target on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday. Roth Mkm decreased their target price on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday. DZ Bank reaffirmed a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Finally, TD Cowen upped their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.09.

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.