Sheets Smith Wealth Management Has $628,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sheets Smith Wealth Management grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 157.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,198 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,179 shares during the period. Sheets Smith Wealth Management’s holdings in Advanced Micro Devices were worth $628,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Creative Capital Management Investments LLC increased its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC increased its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at $32,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of Advanced Micro Devices by 101.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 111 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $123.75 on Thursday. The firm’s 50 day simple moving average is $128.99 and its 200 day simple moving average is $144.41. The firm has a market capitalization of $200.82 billion, a price-to-earnings ratio of 111.49, a P/E/G ratio of 1.07 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the business posted $0.53 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 over the last 90 days. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. Morgan Stanley cut their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. HSBC reissued a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $180.00 to $155.00 in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $177.71.

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.