Twin Peaks Wealth Advisors LLC Has $511,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Twin Peaks Wealth Advisors LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,232 shares of the semiconductor manufacturer’s stock after selling 341 shares during the period. Twin Peaks Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hendley & Co. Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $211,000. Sentry Investment Management LLC boosted its position in shares of Advanced Micro Devices by 71.7% in the fourth quarter. Sentry Investment Management LLC now owns 6,699 shares of the semiconductor manufacturer’s stock valued at $809,000 after acquiring an additional 2,798 shares during the period. Trifecta Capital Advisors LLC boosted its position in shares of Advanced Micro Devices by 6.0% in the fourth quarter. Trifecta Capital Advisors LLC now owns 26,084 shares of the semiconductor manufacturer’s stock valued at $3,151,000 after acquiring an additional 1,485 shares during the period. Prasad Wealth Partners LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $310,000. Finally, BankPlus Trust Department bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $39,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMD. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. TD Cowen cut their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Mizuho cut their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. KeyCorp cut their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Bank of America cut their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Insiders Place Their Bets

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction 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 acquisition, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s 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 of the company’s stock, 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. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $108.11 on Tuesday. The business has a 50 day moving average of $118.47 and a 200-day moving average of $137.86. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market capitalization of $175.19 billion, a P/E ratio of 109.20, a P/E/G ratio of 1.11 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its 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%. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.