Chung Wu Investment Group LLC Purchases New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Chung Wu Investment Group LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,105 shares of the semiconductor manufacturer’s stock, valued at approximately $254,000.

A number of other hedge funds have also recently bought and sold shares of AMD. Swedbank AB raised its stake in shares of Advanced Micro Devices by 0.8% during the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after purchasing an additional 17,446 shares during the period. Howard Capital Management Group LLC raised its stake in Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares during the period. Crestwood Advisors Group LLC raised its stake in Advanced Micro Devices by 3.9% in the 3rd quarter. Crestwood Advisors Group LLC now owns 5,388 shares of the semiconductor manufacturer’s stock valued at $884,000 after acquiring an additional 201 shares during the period. Avidian Wealth Enterprises LLC raised its stake in Advanced Micro Devices by 2.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 6,058 shares of the semiconductor manufacturer’s stock valued at $994,000 after acquiring an additional 141 shares during the period. Finally, Beacon Financial Advisory LLC raised its stake in Advanced Micro Devices by 6.2% in the 3rd quarter. Beacon Financial Advisory LLC now owns 1,769 shares of the semiconductor manufacturer’s stock valued at $290,000 after acquiring an additional 103 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Bank of America cut their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. HSBC reaffirmed a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Mizuho cut their target price on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Melius Research reaffirmed a “hold” rating and issued a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Stock Up 0.9 %

NASDAQ AMD opened at $101.67 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market capitalization of $164.75 billion, a P/E ratio of 102.70, a P/E/G ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a one year low of $95.89 and a one year high of $227.30. The stock has a 50 day moving average price of $115.41 and a 200-day moving average price of $135.92.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.