HCR Wealth Advisors Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

HCR Wealth Advisors lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,569 shares of the semiconductor manufacturer’s stock after purchasing an additional 272 shares during the quarter. HCR Wealth Advisors’ holdings in Advanced Micro Devices were worth $431,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AMD. WealthPLAN Partners LLC grew its position in Advanced Micro Devices by 142.1% during the second quarter. WealthPLAN Partners LLC now owns 4,832 shares of the semiconductor manufacturer’s stock valued at $784,000 after acquiring an additional 2,836 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Advanced Micro Devices by 3.7% in the 2nd quarter. Moors & Cabot Inc. now owns 18,956 shares of the semiconductor manufacturer’s stock valued at $3,075,000 after purchasing an additional 679 shares in the last quarter. Pekin Hardy Strauss Inc. grew its holdings in shares of Advanced Micro Devices by 16.4% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 2,560 shares of the semiconductor manufacturer’s stock valued at $415,000 after purchasing an additional 360 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 28.1% during the 2nd quarter. Axxcess Wealth Management LLC now owns 31,779 shares of the semiconductor manufacturer’s stock valued at $5,155,000 after purchasing an additional 6,971 shares during the last quarter. Finally, Financial & Tax Architects LLC bought a new stake in Advanced Micro Devices in the second quarter worth $1,138,000. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In related 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 $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s 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 transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last quarter. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $119.96 on Thursday. The company has a 50 day simple moving average of $131.60 and a two-hundred day simple moving average of $145.95. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The company has a market capitalization of $194.67 billion, a price-to-earnings ratio of 108.07, a P/E/G ratio of 1.88 and a beta of 1.66. 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 posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Citigroup lowered their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Mizuho cut their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, Morgan Stanley decreased their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $179.68.

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.