FFT Wealth Management LLC Sells 610 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

FFT Wealth Management LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,336 shares of the semiconductor manufacturer’s stock after selling 610 shares during the quarter. FFT Wealth Management LLC’s holdings in Advanced Micro Devices were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Creative Capital Management Investments LLC increased its stake in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the period. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $32,000. Finally, Compass Financial Services Inc bought a new stake in Advanced Micro Devices during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other 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 sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. TD Cowen cut their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Benchmark reissued a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $103.96 on Wednesday. Advanced Micro Devices, Inc. has a 12 month low of $103.62 and a 12 month high of $227.30. The company’s fifty day simple moving average is $118.05 and its 200-day simple moving average is $137.65. The firm has a market cap of $168.47 billion, a PE ratio of 105.01, a P/E/G ratio of 1.11 and a beta of 1.66. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Company 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.