Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,640 shares of the semiconductor manufacturer’s stock after buying an additional 165 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in Advanced Micro Devices were worth $266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Precision Wealth Strategies LLC boosted its stake in shares of Advanced Micro Devices by 4.0% during the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock worth $598,000 after acquiring an additional 155 shares in the last quarter. Concentrum Wealth Management boosted its position in Advanced Micro Devices by 6.6% during the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock worth $5,625,000 after purchasing an additional 2,354 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in Advanced Micro Devices by 70.4% in the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock valued at $1,787,000 after purchasing an additional 5,009 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Advanced Micro Devices by 0.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 282,557 shares of the semiconductor manufacturer’s stock valued at $41,652,000 after buying an additional 919 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC raised its stake in shares of Advanced Micro Devices by 12.9% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 29,034 shares of the semiconductor manufacturer’s stock worth $4,280,000 after buying an additional 3,325 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of a number of research analyst reports. Edward Jones started coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Stock Down 0.2 %

NASDAQ:AMD opened at $152.08 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The stock’s fifty day moving average is $149.03 and its two-hundred day moving average is $161.49. The stock has a market capitalization of $245.81 billion, a price-to-earnings ratio of 223.65, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the business earned $0.40 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 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.