SLT Holdings LLC Invests $417,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SLT Holdings LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,453 shares of the semiconductor manufacturer’s stock, valued at approximately $417,000.

Other institutional investors have also recently bought and sold shares of the company. Argentarii LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $272,000. OFI Invest Asset Management bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $8,910,000. Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of Advanced Micro Devices by 0.3% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 139,498 shares of the semiconductor manufacturer’s stock worth $16,850,000 after buying an additional 386 shares during the last quarter. Naviter Wealth LLC lifted its stake in shares of Advanced Micro Devices by 41.5% in the 4th quarter. Naviter Wealth LLC now owns 17,921 shares of the semiconductor manufacturer’s stock valued at $2,165,000 after purchasing an additional 5,258 shares during the period. Finally, Rialto Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $127,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMD shares. Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. KeyCorp cut their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Bank of America decreased their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $100.31 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $95.89 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $162.55 billion, a P/E ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.74. The company’s fifty day moving average price is $114.39 and its two-hundred day moving average price is $135.13.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.