Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Motive Wealth Advisors

Motive Wealth Advisors lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,924 shares of the semiconductor manufacturer’s stock after purchasing an additional 184 shares during the period. Motive Wealth Advisors’ holdings in Advanced Micro Devices were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Christopher J. Hasenberg Inc lifted its holdings in Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after acquiring an additional 60 shares during the period. Wealth Effects LLC lifted its holdings in shares of Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares in the last quarter. Jacobsen Capital Management boosted its position in shares of Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after acquiring an additional 70 shares during the period. Sigma Investment Counselors Inc. increased its holdings in Advanced Micro Devices by 5.3% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after acquiring an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC boosted its holdings in Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after purchasing an additional 74 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the subject of several research analyst reports. KeyCorp dropped their price objective on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Roth Mkm reissued a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 target price on the stock. Citigroup dropped their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $177.71.

Advanced Micro Devices Trading Down 0.6 %

Shares of AMD stock opened at $123.04 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a market cap of $199.67 billion, a price-to-earnings ratio of 110.85, a PEG ratio of 1.08 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1 year low of $114.41 and a 1 year high of $227.30. The firm has a fifty day moving average price of $128.68 and a 200-day moving average price of $144.27.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting 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 business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the business posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.73% of the company’s stock.

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.