Global Wealth Strategies & Associates Takes $26,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 215 shares of the semiconductor manufacturer’s stock, valued at approximately $26,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AMD. Financial Counselors Inc. increased its stake in shares of Advanced Micro Devices by 5.5% in the second quarter. Financial Counselors Inc. now owns 7,405 shares of the semiconductor manufacturer’s stock valued at $1,201,000 after buying an additional 387 shares during the period. TIAA Trust National Association raised its holdings in Advanced Micro Devices by 1.2% during the 2nd quarter. TIAA Trust National Association now owns 23,923 shares of the semiconductor manufacturer’s stock worth $3,881,000 after purchasing an additional 289 shares during the last quarter. Evermay Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 59.4% in the 2nd quarter. Evermay Wealth Management LLC now owns 389 shares of the semiconductor manufacturer’s stock worth $63,000 after purchasing an additional 145 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Advanced Micro Devices by 0.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 138,816 shares of the semiconductor manufacturer’s stock valued at $22,517,000 after purchasing an additional 591 shares during the last quarter. Finally, Founders Financial Securities LLC increased its position in shares of Advanced Micro Devices by 527.4% during the second quarter. Founders Financial Securities LLC now owns 18,854 shares of the semiconductor manufacturer’s stock worth $3,058,000 after buying an additional 15,849 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMD. UBS Group dropped their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Citigroup lowered their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 31st. TD Cowen reduced their target price on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $191.96.

Advanced Micro Devices Stock Down 0.3 %

Shares of NASDAQ AMD traded down $0.37 during mid-day trading on Thursday, hitting $120.42. 23,606,033 shares of the stock traded hands, compared to its average volume of 53,218,793. The company has a market cap of $195.42 billion, a price-to-earnings ratio of 108.49, a PEG ratio of 1.88 and a beta of 1.66. The stock has a fifty day moving average price of $136.73 and a 200-day moving average price of $148.38. Advanced Micro Devices, Inc. has a 52 week low of $117.90 and a 52 week 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.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current 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.