SeaCrest Wealth Management LLC Has $3.56 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SeaCrest Wealth Management LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,456 shares of the semiconductor manufacturer’s stock after selling 3,800 shares during the period. SeaCrest Wealth Management LLC’s holdings in Advanced Micro Devices were worth $3,558,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Pacifica Partners Inc. raised its position in Advanced Micro Devices by 18.9% during the fourth quarter. Pacifica Partners Inc. now owns 29,769 shares of the semiconductor manufacturer’s stock valued at $3,591,000 after buying an additional 4,729 shares during the period. Tlwm grew its stake in Advanced Micro Devices by 4.3% during the 4th quarter. Tlwm now owns 6,305 shares of the semiconductor manufacturer’s stock valued at $762,000 after acquiring an additional 260 shares in the last quarter. Breakwater Capital Group increased its holdings in shares of Advanced Micro Devices by 5.2% in the 4th quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer’s stock valued at $213,000 after purchasing an additional 88 shares during the period. Greenfield Savings Bank lifted its position in shares of Advanced Micro Devices by 8.9% in the fourth quarter. Greenfield Savings Bank now owns 5,177 shares of the semiconductor manufacturer’s stock worth $625,000 after purchasing an additional 424 shares in the last quarter. Finally, AAFMAA Wealth Management & Trust LLC boosted its holdings in shares of Advanced Micro Devices by 6.5% during the fourth quarter. AAFMAA Wealth Management & Trust LLC now owns 10,654 shares of the semiconductor manufacturer’s stock worth $1,287,000 after purchasing an additional 646 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on AMD. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday. They issued a “buy” rating and a $175.00 price objective for the company. Morgan Stanley decreased their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Roth Mkm reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $179.68.

Advanced Micro Devices Stock Down 1.0 %

Shares of AMD stock opened at $116.09 on Wednesday. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $131.60 and its two-hundred day moving average price is $145.95. The firm has a market capitalization of $188.39 billion, a P/E ratio of 104.59, a PEG ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 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.