Alpha Cubed Investments LLC Sells 20,061 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alpha Cubed Investments LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,107 shares of the semiconductor manufacturer’s stock after selling 20,061 shares during the period. Alpha Cubed Investments LLC’s holdings in Advanced Micro Devices were worth $3,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Capital Management Investments LLC grew its position in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its position in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $32,000. Finally, Abich Financial Wealth Management LLC increased its position in shares of Advanced Micro Devices by 101.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 2.5 %

NASDAQ AMD opened at $121.46 on Tuesday. The stock’s 50-day moving average price is $129.42 and its 200-day moving average price is $144.76. The company has a market capitalization of $197.11 billion, a P/E ratio of 109.42, a price-to-earnings-growth ratio of 1.07 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30.

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

Analysts Set New Price Targets

Several brokerages have issued reports on AMD. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Loop Capital began coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.61.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 over the last ninety days. 0.65% of the stock is currently owned by company insiders.

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.