Leo Wealth LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Leo Wealth LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,442 shares of the semiconductor manufacturer’s stock, valued at approximately $655,000.

Several other institutional investors and hedge funds also recently modified their holdings of AMD. Addison Advisors LLC increased its position in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Schear Investment Advisers LLC boosted its stake in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares in the last quarter. Fiduciary Group LLC boosted its stake in Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. Integrated Advisors Network LLC boosted its stake in Advanced Micro Devices by 0.3% during the 4th quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock valued at $2,793,000 after purchasing an additional 65 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its stake in Advanced Micro Devices by 0.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock valued at $1,560,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $158.40 on Tuesday. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The stock’s 50-day moving average is $159.50 and its two-hundred day moving average is $163.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The firm has a market cap of $256.02 billion, a P/E ratio of 232.94, a price-to-earnings-growth ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the company earned $0.43 earnings per share. The business’s revenue was up 2.2% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. Evercore ISI decreased their price target on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Cantor Fitzgerald reduced their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. Finally, StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday. One 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $190.83.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.65% of the company’s stock.

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.