IFP Advisors Inc Has $7.87 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

IFP Advisors Inc grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,172 shares of the semiconductor manufacturer’s stock after buying an additional 11,272 shares during the period. IFP Advisors Inc’s holdings in Advanced Micro Devices were worth $7,872,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Capital Management Investments LLC grew its holdings in shares of 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 period. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the 4th quarter worth $32,000. Finally, Compass Financial Services Inc acquired a new position in Advanced Micro Devices in the 4th quarter worth $39,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMD. 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 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Susquehanna reduced their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Two equities 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 given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Stock Down 2.9 %

Advanced Micro Devices stock opened at $110.84 on Monday. The stock has a market cap of $179.61 billion, a P/E ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.66. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The company’s 50-day moving average price is $118.84 and its two-hundred day moving average price is $138.06.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate 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 expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.