Country Club Bank Increases Stake in Advanced Micro Devices, Inc.

In the fourth quarter, Country Club Bank significantly increased its investment in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 135.7%. This information was revealed in the latest filings made to the Securities and Exchange Commission (SEC). Following this enhancement, the bank now owns a total of 38,973 shares of the semiconductor company, having acquired an additional 22,441 shares during the quarter.

The total value of Country Club Bank's holdings in Advanced Micro Devices is approximately $4,772,000, as indicated in its recent filing with the SEC.

Recent Changes by Other Institutional Investors

Several other hedge funds have also adjusted their positions in AMD recently. For instance, Creative Capital Management Investments LLC increased its investment by 124.6% during the third quarter, now owning 155 shares valued at $25,000 after buying an additional 86 shares.

Additionally, Global Wealth Strategies & Associates entered a new position valued at around $26,000 during the fourth quarter. FSA Wealth Management LLC also made a new investment in AMD worth approximately $41,000 during the third quarter. Another notable change came from Coston McIsaac & Partners, which raised its position by an impressive 319.4%, now holding 260 shares valued at $42,000 after acquiring an extra 198 shares.

Lastly, Retirement Wealth Solutions LLC made a new investment in Advanced Micro Devices during the fourth quarter, valued at about $32,000. Collectively, hedge funds and other institutional investors own approximately 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In related activities, CEO Lisa T. Su sold 76,496 shares of the company's stock in a transaction that took place on December 4th. These shares were sold at an average price of $142.66, amounting to a total value of approximately $10,912,919.36. After this transaction, the CEO continues to hold 3,566,762 shares, valued at roughly $508,834,266.92. This sale constituted a 2.10% decrease in her holdings. Details regarding this transaction were submitted in a document filed with the SEC.

Advanced Micro Devices Stock Overview

The stock of Advanced Micro Devices opened at $119.50 on Wednesday. The company has a 50-day simple moving average of $125.38 and a 200-day simple moving average of $140.81. Financial ratios indicate a quick ratio of 1.78, a current ratio of 2.50, and a debt-to-equity ratio of only 0.03. Over the past year, AMD's stock has seen a low of $112.80 and a peak of $227.30, with a market capitalization of $193.93 billion and a price-to-earnings ratio of 107.66.

AMD recently reported its quarterly earnings, noting an earnings per share of $0.88, which fell short of the consensus estimate of $1.07 by $0.19. The company has a return on equity of 6.62% and a net margin of 7.52%. Research analysts are anticipating that AMD will deliver an earnings per share of 2.54 for the current fiscal year.

Analyst Perspectives

Multiple brokerages have provided insights and ratings on AMD. Loop Capital, for instance, recently initiated coverage, assigning a "buy" rating and setting a price target of $175.00. Roth Mkm reaffirmed a "buy" rating with a price target of $200.00. On the other hand, UBS Group revised its price target down from $210.00 to $205.00 while maintaining a "buy" stance.

Mizuho also adjusted its price target from $180.00 to $160.00, establishing an "outperform" rating. Conversely, HSBC reissued a "reduce" rating with a significantly lowered price target of $110.00, down from a previous $200.00. In total, two analysts have rated AMD as a sell, seven have issued a hold rating, while nineteen have given a buy rating, and two assigned a strong buy rating. The consensus among analysts is a "Moderate Buy" with a price target of $169.35.

About Advanced Micro Devices

Advanced Micro Devices, Inc. operates globally as a prominent semiconductor company. Its business segments include Data Center, Client, Gaming, and Embedded. The company specializes in producing x86 microprocessors, graphics processing units (GPUs), alongside chipsets, data center solutions, and embedded processors, among other products.

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