Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Wealth Alliance Advisory Group LLC

Wealth Alliance Advisory Group LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,034 shares of the semiconductor manufacturer’s stock after buying an additional 3,014 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Advanced Micro Devices were worth $1,212,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bowman & Co S.C. lifted its stake in Advanced Micro Devices by 4.3% in the 4th quarter. Bowman & Co S.C. now owns 9,498 shares of the semiconductor manufacturer’s stock valued at $1,147,000 after buying an additional 389 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 6.7% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 3,218 shares of the semiconductor manufacturer’s stock worth $389,000 after acquiring an additional 202 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its position in shares of Advanced Micro Devices by 5.3% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 1,933 shares of the semiconductor manufacturer’s stock valued at $224,000 after acquiring an additional 97 shares in the last quarter. Sara Bay Financial boosted its stake in shares of Advanced Micro Devices by 7.3% during the fourth quarter. Sara Bay Financial now owns 3,021 shares of the semiconductor manufacturer’s stock valued at $370,000 after acquiring an additional 205 shares during the last quarter. Finally, Trust Co. of Vermont raised its stake in Advanced Micro Devices by 18.1% in the 4th quarter. Trust Co. of Vermont now owns 5,378 shares of the semiconductor manufacturer’s stock valued at $650,000 after purchasing an additional 825 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 2.5 %

NASDAQ:AMD opened at $121.46 on Friday. Advanced Micro Devices, Inc. has a one year low of $114.41 and a one year high of $227.30. The business’s 50-day simple moving average is $129.94 and its 200 day simple moving average is $145.32. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMD shares. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Mizuho reduced their price target on Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. KeyCorp dropped their target price on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Finally, Citigroup decreased their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $178.61.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 in the last quarter. Insiders own 0.65% of the company’s stock.

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.