SOA Wealth Advisors LLC. Purchases 320 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

SOA Wealth Advisors LLC. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,344 shares of the semiconductor manufacturer’s stock after acquiring an additional 320 shares during the period. SOA Wealth Advisors LLC.’s holdings in Advanced Micro Devices were worth $887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Marcum Wealth LLC increased its holdings in Advanced Micro Devices by 9.8% during the 3rd quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock worth $565,000 after purchasing an additional 307 shares in the last quarter. Cypress Wealth Services LLC bought a new stake in Advanced Micro Devices during the third quarter worth $210,000. UMB Bank n.a. raised its position in Advanced Micro Devices by 3.2% in the 3rd quarter. UMB Bank n.a. now owns 15,874 shares of the semiconductor manufacturer’s stock valued at $2,605,000 after buying an additional 490 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in Advanced Micro Devices by 27.1% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 745 shares of the semiconductor manufacturer’s stock valued at $122,000 after acquiring an additional 159 shares in the last quarter. Finally, Private Advisory Group LLC boosted its holdings in Advanced Micro Devices by 25.9% during the 3rd quarter. Private Advisory Group LLC now owns 72,289 shares of the semiconductor manufacturer’s stock worth $11,861,000 after acquiring an additional 14,854 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 2.4 %

NASDAQ AMD opened at $107.56 on Friday. The stock has a 50 day moving average price of $124.01 and a 200-day moving average price of $140.18. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company has a market capitalization of $174.55 billion, a P/E ratio of 96.90, a P/E/G ratio of 1.03 and a beta of 1.66.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMD. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday. Barclays reduced their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Melius Research restated a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Finally, Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

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.