Wealthspire Advisors LLC Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealthspire Advisors LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,044 shares of the semiconductor manufacturer’s stock after buying an additional 321 shares during the period. Wealthspire Advisors LLC’s holdings in Advanced Micro Devices were worth $1,334,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Swedbank AB boosted its position in Advanced Micro Devices by 0.8% during the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after purchasing an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC raised its stake in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after buying an additional 324 shares during the period. Modera Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 12.4% during the 3rd quarter. Modera Wealth Management LLC now owns 3,758 shares of the semiconductor manufacturer’s stock valued at $617,000 after buying an additional 415 shares in the last quarter. Bristlecone Advisors LLC grew its stake in Advanced Micro Devices by 41.3% in the 3rd quarter. Bristlecone Advisors LLC now owns 5,128 shares of the semiconductor manufacturer’s stock valued at $841,000 after acquiring an additional 1,500 shares during the period. Finally, Clear Harbor Asset Management LLC increased its holdings in Advanced Micro Devices by 9.5% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,318 shares of the semiconductor manufacturer’s stock worth $544,000 after acquiring an additional 289 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $108.11 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm’s 50 day moving average price is $118.47 and its 200-day moving average price is $137.86. The firm has a market cap of $175.19 billion, a P/E ratio of 109.20, a P/E/G ratio of 1.15 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released 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 return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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 on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMD shares. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Stifel Nicolaus cut their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Bank of America dropped their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

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.