Hazlett Burt & Watson Inc. Acquires 361 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Hazlett Burt & Watson Inc. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,089 shares of the semiconductor manufacturer’s stock after buying an additional 361 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Advanced Micro Devices were worth $501,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in AMD. Prevail Innovative Wealth Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $7,395,000. United Bank grew its holdings in Advanced Micro Devices by 111.3% during the fourth quarter. United Bank now owns 6,650 shares of the semiconductor manufacturer’s stock valued at $803,000 after purchasing an additional 3,503 shares during the period. Summit Securities Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at $31,000. Allianz SE purchased a new stake in Advanced Micro Devices in the fourth quarter worth $9,073,000. Finally, Allstate Corp raised its stake in shares of Advanced Micro Devices by 3,284.3% in the fourth quarter. Allstate Corp now owns 47,989 shares of the semiconductor manufacturer’s stock valued at $5,797,000 after buying an additional 46,571 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Mizuho reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Bank of America dropped their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Jefferies Financial Group lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $120.00 in a research note on Thursday. Finally, Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their target price for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Price Performance

AMD stock opened at $103.22 on Monday. The firm has a market cap of $167.27 billion, a P/E ratio of 104.26, a P/E/G ratio of 1.11 and a beta of 1.74. The firm’s fifty day moving average is $109.39 and its 200 day moving average is $130.68. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 return on equity of 7.42% and a net margin of 6.36%. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.73% of the company’s stock.

About Advanced Micro Devices

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.