Wealth Advisory Solutions LLC Has $1 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealth Advisory Solutions LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 74.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,301 shares of the semiconductor manufacturer’s stock after selling 23,776 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in Advanced Micro Devices were worth $1,003,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the 4th quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth $41,000. Finally, Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at $32,000. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Loop Capital started coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price for the company. Stifel Nicolaus cut their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.83.

Insider Activity

In related news, EVP Philip Guido bought 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $100.75 on Wednesday. The stock has a 50-day moving average price of $115.90 and a two-hundred day moving average price of $136.16. Advanced Micro Devices, Inc. has a 1 year low of $95.89 and a 1 year high of $227.30. The stock has a market cap of $163.26 billion, a PE ratio of 101.77, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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 return on equity of 7.42% and a net margin of 6.36%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Company 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.