Cora Capital Advisors LLC Acquires 104 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cora Capital Advisors LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 7,504 shares of the semiconductor manufacturer’s stock after purchasing an additional 104 shares during the period. Cora Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $906,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMD. Avaii Wealth Management LLC grew its holdings in Advanced Micro Devices by 5.2% during the fourth quarter. Avaii Wealth Management LLC now owns 30,960 shares of the semiconductor manufacturer’s stock valued at $3,740,000 after purchasing an additional 1,517 shares during the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $585,000. Jamison Private Wealth Management Inc. grew its stake in Advanced Micro Devices by 3.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 38,530 shares of the semiconductor manufacturer’s stock valued at $4,654,000 after buying an additional 1,414 shares during the last quarter. Asio Capital LLC raised its holdings in Advanced Micro Devices by 3.2% in the 4th quarter. Asio Capital LLC now owns 30,389 shares of the semiconductor manufacturer’s stock worth $3,671,000 after acquiring an additional 947 shares during the period. Finally, Archford Capital Strategies LLC lifted its position in Advanced Micro Devices by 39.1% during the 4th quarter. Archford Capital Strategies LLC now owns 13,090 shares of the semiconductor manufacturer’s stock worth $1,581,000 after acquiring an additional 3,680 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Citigroup lowered their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Roth Mkm reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Barclays reduced their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $176.33.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $122.84 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The firm’s 50-day moving average price is $128.12 and its two-hundred day moving average price is $143.73. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $199.35 billion, a price-to-earnings ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.

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.