Sheets Smith Wealth Management Invests $310,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sheets Smith Wealth Management bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,100 shares of the semiconductor manufacturer’s stock, valued at approximately $310,000.

A number of other hedge funds have also bought and sold shares of AMD. Addison Advisors LLC boosted its holdings in Advanced Micro Devices by 41.9% in the 4th 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 period. Schear Investment Advisers LLC boosted its stake in Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after buying an additional 64 shares during the period. Fiduciary Group LLC grew its position in Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares in the last quarter. EWA LLC grew its position in Advanced Micro Devices by 4.0% during the fourth quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock valued at $269,000 after acquiring an additional 70 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group boosted its holdings in Advanced Micro Devices by 36.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 72 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $155.32 on Tuesday. The company has a 50 day moving average price of $175.00 and a 200-day moving average price of $152.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The stock has a market capitalization of $251.05 billion, a PE ratio of 229.09, a PEG ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $89.17 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on AMD. The Goldman Sachs Group boosted their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Monday, January 8th. Finally, Truist Financial dropped their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $183.94.

Insider Activity at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value 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 disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock valued at $34,637,833 in the last three months. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Company 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.