National Wealth Management Group LLC Buys Shares of 1,799 Advanced Micro Devices, Inc. (NASDAQ:AMD)

National Wealth Management Group LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,799 shares of the semiconductor manufacturer’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Investment Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 9.9% in the third quarter. Capital Investment Advisors LLC now owns 8,265 shares of the semiconductor manufacturer’s stock worth $850,000 after acquiring an additional 747 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in Advanced Micro Devices by 13.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 20,752 shares of the semiconductor manufacturer’s stock worth $2,134,000 after purchasing an additional 2,503 shares in the last quarter. DAVENPORT & Co LLC boosted its position in Advanced Micro Devices by 3,436.8% in the third quarter. DAVENPORT & Co LLC now owns 481,718 shares of the semiconductor manufacturer’s stock valued at $49,552,000 after buying an additional 468,098 shares in the last quarter. Bellecapital International Ltd. lifted its stake in shares of Advanced Micro Devices by 5.7% in the 3rd quarter. Bellecapital International Ltd. now owns 94,456 shares of the semiconductor manufacturer’s stock valued at $9,712,000 after acquiring an additional 5,077 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 4.6% during the 3rd quarter. Avior Wealth Management LLC now owns 7,856 shares of the semiconductor manufacturer’s stock valued at $808,000 after acquiring an additional 344 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 2.8 %

Shares of AMD stock traded up $4.10 during trading hours on Tuesday, reaching $152.74. The company had a trading volume of 31,910,724 shares, compared to its average volume of 73,758,141. The company has a market cap of $246.85 billion, a price-to-earnings ratio of 293.74, a price-to-earnings-growth ratio of 2.23 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The business has a fifty day simple moving average of $179.18 and a 200-day simple moving average of $149.56.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same period last year, the business earned $0.54 EPS. The business’s revenue was up 10.2% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the subject of a number of recent research reports. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a report on Monday, January 8th. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Bank of America boosted their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Barclays raised their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by insiders.

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.