Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Raised by Private Wealth Management Group LLC

Private Wealth Management Group LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 68.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 397 shares of the semiconductor manufacturer’s stock after purchasing an additional 162 shares during the period. Private Wealth Management Group LLC’s holdings in Advanced Micro Devices were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Christopher J. Hasenberg Inc grew its position in Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares in the last quarter. Wealth Effects LLC raised its position in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after acquiring an additional 65 shares during the period. Jacobsen Capital Management grew its position in shares of Advanced Micro Devices by 2.1% during the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after acquiring an additional 70 shares during the period. Sigma Investment Counselors Inc. increased its stake in shares of Advanced Micro Devices by 5.3% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after purchasing an additional 74 shares during the last quarter. Finally, Bedell Frazier Investment Counselling LLC lifted its stake in Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMD. TD Cowen reduced their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Roth Mkm reissued a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Finally, Benchmark decreased their price target on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $161.30.

Advanced Micro Devices Trading Down 6.3 %

NASDAQ:AMD opened at $112.01 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business has a fifty day moving average price of $125.02 and a 200-day moving average price of $140.59. The firm has a market capitalization of $181.77 billion, a price-to-earnings ratio of 100.91, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is currently owned by insiders.

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.