Sierra Summit Advisors LLC is investing a new $6.79 million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sierra Summit Advisors LLC has acquired a new position in Advanced Micro Devices, Inc., according to a recent filing with the SEC. (NASDAQ:AMD – Free Report) in the fourth quarter. The fund purchased 46,027 shares of the semiconductor maker worth approximately $6,785,000. Advanced Micro Devices accounts for 2.0% of Sierra Summit Advisors LLC, making it the 20th largest company.

Several other institutional investors also recently increased or decreased their stakes in AMD. Addison Advisors LLC increased its position in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock valued at $31,000 after purchasing an additional 62 shares during the period. Schear Investment Advisers LLC increased its holdings in Advanced Micro Devices by 0.4% during the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor maker’s stock valued at $2,323,000 after purchasing an additional 64 shares in the last quarter. Fiduciary Group LLC increased its holdings in Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor maker’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. Checchi Capital Advisers LLC increased its holdings in Advanced Micro Devices by 0.6% during the fourth quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor maker’s stock valued at $1,560,000 after purchasing an additional 66 shares in the last quarter. Finally, EWA LLC increased its holdings in Advanced Micro Devices by 4.0% in the fourth quarter. EWA LLC now owns 1,826 shares of the semiconductor maker’s stock valued at $269,000 after purchasing an additional 70 shares in the last quarter. 71.34% of the shares are in the hands of institutional investors.

Changes in analyst ratings

AMD has been the subject of many recent analyst reports. KeyCorp lowered their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Evercore ISI lowered their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Piper Sandler restated an “overweight” rating and set a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Susquehanna raised their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating on Monday, June 10. Finally, Barclays increased their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. One analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

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NASDAQ AMD shares opened on Friday at $159.63. The stock has a 50-day moving average price of $159.73 and a 200-day moving average price of $162.67. Advanced Micro Devices, Inc. it has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The stock has a market capitalization of $258.01 billion, a PE ratio of 234.75, a price-to-earnings ratio of 1.85 and a beta of 1.69.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last released its earnings results on Tuesday, April 30th. The semiconductor maker reported EPS of $0.62 for the quarter, which was $0.01 ahead of the consensus estimate of $0.61. 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 the consensus estimate of $5.48 billion. During the same period last year, the company saw an EPS of $0.43. The company’s revenue for the quarter increased 2.2% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will see 2.61 earnings per share for the current fiscal year.

Advanced Micro Devices Confidential Transactions

In other news, VP Mark D. Papermaster sold 16,200 shares of the company’s stock on Monday, April 15. The shares were sold at an average price of $164.25, for a total transaction amount of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Currently, corporate insiders own 0.73% of the shares.

Advanced microdevice profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers microprocessors and x86 graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

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