Rooted Wealth Advisors Inc. Has $295,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Rooted Wealth Advisors Inc. increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 49.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,314 shares of the semiconductor manufacturer’s stock after purchasing an additional 766 shares during the period. Rooted Wealth Advisors Inc.’s holdings in Advanced Micro Devices were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Creative Capital Management Investments LLC grew its holdings in shares of 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 valued at $25,000 after buying an additional 86 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $32,000. Compass Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $39,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $41,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 0.1 %

Shares of Advanced Micro Devices stock opened at $111.81 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company’s fifty day simple moving average is $121.53 and its 200-day simple moving average is $139.12. The company has a market cap of $181.19 billion, a price-to-earnings ratio of 112.94, a PEG ratio of 1.04 and a beta of 1.65. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting 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, sell-side analysts expect that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AMD shares. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Mizuho lowered their price target on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. UBS Group cut their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s 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 directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

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.