Cadinha & Co. LLC Invests $1.07 Million in Advanced Micro Devices, Inc.

Cadinha & Co. LLC has made a significant investment in Advanced Micro Devices, Inc. (NASDAQ:AMD) by acquiring a new stake during the fourth quarter of the year. According to their latest Form 13F filing with the SEC, the institutional investor purchased 8,871 shares of the semiconductor company's stock, valued at approximately $1,072,000.

Recently, several other institutional investors and hedge funds have also made adjustments to their holdings of AMD stock. For instance, Christopher J. Hasenberg Inc increased its position by 12% in the third quarter, now owning 560 shares worth $97,000 after acquiring 60 additional shares. Meanwhile, Wealth Effects LLC raised its holdings by 0.7% during the same period, owning 9,419 shares valued at $1,545,000 after purchasing 65 additional shares.

Jacobsen Capital Management and Sigma Investment Counselors Inc. also boosted their stakes, owning 3,378 and 1,482 shares, respectively. Bedell Frazier Investment Counselling LLC raised its position by 4.3%, owning 1,780 shares worth $292,000 after acquiring more shares during the quarter. Notably, 71.34% of Advanced Micro Devices' stock is currently held by hedge funds and other institutional investors.

Insider Transactions in Advanced Micro Devices

In related news, the company's executive vice president, Forrest Eugene Norrod, sold 40,540 shares on November 5th for an average price of $141.67, totaling $5,743,301.80. After this sale, he owns approximately 293,347 shares valued at around $41,558,469.49, indicating a decrease of 12.14% in his stock ownership.

Additionally, CEO Lisa T. Su sold 76,496 shares on December 4th at an average price of $142.66, generating a transaction worth $10,912,919.36. Following this, she holds 3,566,762 shares valued at about $508,834,266.92, which reflects a decrease of 2.10% in her ownership. Over the past quarter, insiders sold a total of 197,036 shares valued at $28,165,821. Currently, 0.65% of the stock is owned by insiders.

Advanced Micro Devices Stock Overview

As of Friday, AMD's stock opened at $121.46. The company boasts a market capitalization of $197.11 billion, with a P/E ratio of 109.42 and a P/E/G ratio of 1.03. Its beta stands at 1.66, indicating some volatility, while the debt-to-equity ratio is low at 0.03. The company has a strong liquidity position marked by a current ratio of 2.50 and a quick ratio of 1.78. Over the past year, AMD experienced a low of $114.41 and a high of $227.30.

In its latest earnings report, released on October 29th, AMD reported earnings per share of $0.92, matching analysts' expectations. The company generated $6.82 billion in revenue, exceeding the estimated $6.71 billion, and saw a year-over-year revenue increase of 17.6%. Analysts forecast AMD will achieve 2.54 earnings per share for the current fiscal year.

Analyst Ratings for Advanced Micro Devices

Recent evaluations from research firms suggest a range of opinions on AMD's stock. UBS Group recently lowered its price target from $210 to $205 while maintaining a “buy” rating. Mizuho also reduced its target price from $180 to $160, issuing an “outperform” rating. Benchmark reaffirmed its “buy” rating with a price target of $200. Conversely, Wolfe Research downgraded AMD from “outperform” to “peer perform.” Loop Capital has just begun covering AMD, giving it a “buy” rating and setting a target price of $175. Overall, there are two sell ratings, six hold ratings, twenty-two buy ratings, and two strong buy ratings assigned to AMD, resulting in a consensus rating of “Moderate Buy.” The average price target stands at $178.61.

Company Profile

Advanced Micro Devices, Inc. is a global semiconductor company, operating through various segments including Data Center, Client, Gaming, and Embedded. The company specializes in producing x86 microprocessors, graphics processing units (GPUs), semi-custom system-on-chip products, and more.

Investments, Finance, Securities