Syon Capital LLC Acquires 5,886 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Syon Capital LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,716 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,886 shares during the quarter. Syon Capital LLC’s holdings in Advanced Micro Devices were worth $2,906,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Peoples Bank KS bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management bought a new position in Advanced Micro Devices in the 3rd quarter valued at about $27,000. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $30,000. Finally, Raleigh Capital Management Inc. increased its stake in Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 109 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent research reports. KeyCorp lifted their price objective on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday. Truist Financial raised their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Bank of America raised their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Trading Up 2.4 %

Shares of AMD stock traded up $3.64 on Friday, reaching $157.40. 42,347,157 shares of the company’s stock were exchanged, compared to its average volume of 72,773,938. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company’s fifty day simple moving average is $177.79 and its 200 day simple moving average is $149.92. The stock has a market capitalization of $254.38 billion, a PE ratio of 303.56, a P/E/G ratio of 2.31 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.73% of the stock is owned by company insiders.

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.