In a move that has raised eyebrows in the investment world, Argonautica Private Wealth Management Inc. recently acquired a fresh position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD). According to the company’s most recent 13F filing with the Securities and Exchange Commission, the fund acquired 14,901 shares of AMD’s stock during the fourth quarter of 2022. This new position is valued at approximately $965,000.
Advanced Micro Devices, Inc. is a well-known semiconductor provider serving businesses in various segments including computing and graphics, enterprise, embedded and semi-custom. In its quest to enhance growth and expansion strategies within these market segments, AMD has continuously developed innovative products such as desktop and notebook processors, chipsets, data center graphic processing units (GPUs) and development services.
Despite this strong growth trajectory that has seen steady gains made by AMD over time, its stock experienced some fluctuations in mid-day trading on Friday. During this period it traded down $2.66 reaching $105.27 from which it managed to recover marginally with gains recorded in subsequent periods of trading activities.
As part of its efforts to optimize growth opportunities for investors within varying market conditions, Advanced Micro Devices maintains a current ratio of 2.38 alongside an excellent quick ratio of 1.74 with minimal debt-to-equity ratios being reported at just 0.05%. Its long term robustness and value is further underscored by having a price-to-earnings ratio when compared to other industry peers at around 460 times per share while the price-to-earnings-growth ratio stands at approximately 7.82; thereby maintaining stronger potential for investment irrespective of trending market outlooks.
With Advanced Micro Devices continuing to assert dominance across different market segments characterized by ever-changing customer trends and demands; Argonautica Private Wealth Management’s acquisition denotes another visible indicator for confidence in the technology-based enterprise’s approach towards innovations in product development and service delivery. AMD’s 1-year high of $109.57 coupled with its impressive market capitalization of $169.52 billion attest to a company that is continuously expanding and maturing across various fronts. All these factors make Advanced Micro Devices, Inc. a compelling investment choice for experienced investors in today’s dynamic ever-changing economic environment.
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Institutional investors and hedge funds make significant ownership changes in AMD while research firms give mixed ratings
Advanced Micro Devices (AMD), a leading semiconductor manufacturer, has seen significant changes in its ownership structure in recent months. Institutional investors and hedge funds have made changes to their positions in the company, with Renaissance Technologies LLC buying a new stake valued at $777 million in the first quarter. Fisher Asset Management LLC increased its stake by 33.5% to own over 25 million shares of AMD worth $1.7 billion after acquiring an additional 6.5 million shares during the period.
Northern Trust Corp increased its stake by 35.5% to own around 17 million shares of AMD worth $1.8 billion after acquiring an additional 4.47 million shares during the period. Boston Partners also increased its stake in Advanced Micro Devices by 319% during Q4, owning over 3.8 million shares worth $248 million after acquiring an additional 2.9 million shares.
Finally, Charles Schwab Investment Management Inc also increased its stake in Advanced Micro Devices by 40.2% during Q1, owning over eight million shares worth $884 million after acquiring an additional 2.3 million shares during the period.
In addition to these changes in ownership structure, several research firms have weighed in on AMD’s stock recently, giving it mixed ratings ranging from “sell” to “strong buy.” The average rating for the stock is currently “Moderate Buy,” with analysts predicting that it will hit an average price target of $96 per share.
AMD operates through two main segments: Computing & Graphics and Enterprise, Embedded and Semi-Custom, providing desktop and notebook processors and chipsets along with development services.
In May of this year, advanced micro devices reported quarterly earnings data that exceeded expectations despite a net loss compared to previous years’ figures due to decreases in revenue blamed on market fluctuations or actions taken against them by competitors or lawmakers.
Despite these fluctuations, insiders continue to sell off portions of their holdings in the company such as EVP Paul Darren Grasby, who completed the sale of 12,500 shares of AMD stock in April for a total transaction value of $1,185,625. However, with corporate insiders owning only 0.73% of the company’s stock the decision to sell may be due to needing liquidity instead of adjusted claims on future revenue.
