Crestwood Advisors Group LLC Invests $433,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Crestwood Advisors Group LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,935 shares of the semiconductor manufacturer’s stock, valued at approximately $433,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Fairfield Bush & CO. acquired a new position in Advanced Micro Devices in the first quarter valued at approximately $836,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Advanced Micro Devices by 49.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock worth $260,746,000 after purchasing an additional 791,710 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 34.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after purchasing an additional 692 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Advanced Micro Devices by 104.8% during the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock worth $870,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Advanced Micro Devices by 217.2% during the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after purchasing an additional 272,557 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, 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 SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the sale, the executive vice president now owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 324,943 shares of company stock worth $59,919,994. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $163.28 on Monday. The company has a market cap of $263.88 billion, a price-to-earnings ratio of 314.00, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The stock’s 50-day moving average is $181.15 and its 200-day moving average is $147.36.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the business posted $0.54 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMD. Bank of America upped their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, January 29th. UBS Group upped their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a report on Wednesday, January 31st. Roth Mkm upped their target price on Advanced Micro Devices from $125.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, TD Cowen increased their price objective on Advanced Micro Devices from $130.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, January 18th. Four analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $181.52.

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.