Meridian Wealth Partners LLC Has $363,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Meridian Wealth Partners LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.6% in the fourth quarter, HoldingsChannel reports. The fund owned 3,009 shares of the semiconductor manufacturer’s stock after selling 781 shares during the period. Meridian Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $363,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. UBS Group set a $175.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a report on Friday, February 7th. Finally, Loop Capital initiated coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.14.

Advanced Micro Devices Stock Down 0.7 %

Shares of NASDAQ AMD opened at $106.44 on Friday. 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, Inc. has a 52 week low of $94.73 and a 52 week high of $187.28. The stock has a market capitalization of $172.48 billion, a P/E ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74. The stock’s fifty day moving average is $110.28 and its 200 day moving average is $131.84.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

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.