Avidian Wealth Enterprises LLC Sells 2,426 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Avidian Wealth Enterprises LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 40.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,632 shares of the semiconductor manufacturer’s stock after selling 2,426 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in Advanced Micro Devices were worth $439,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the last quarter. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $26,000. FSA Wealth Management LLC bought a new position in Advanced Micro Devices during the 3rd quarter worth approximately $41,000. Coston McIsaac & Partners raised its holdings in Advanced Micro Devices by 319.4% during the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 198 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $32,000. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased 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 directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, February 7th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Melius Research reiterated a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Price Performance

AMD opened at $111.81 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The company has a market capitalization of $181.19 billion, a price-to-earnings ratio of 112.94, a P/E/G ratio of 1.04 and a beta of 1.65. The firm’s fifty day moving average price is $121.53 and its two-hundred day moving average price is $139.12. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

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.