Quantum Private Wealth LLC Acquires 3,002 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Quantum Private Wealth LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,627 shares of the semiconductor manufacturer’s stock after buying an additional 3,002 shares during the quarter. Advanced Micro Devices comprises approximately 1.1% of Quantum Private Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. Quantum Private Wealth LLC’s holdings in Advanced Micro Devices were worth $3,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Capital Management Investments LLC lifted its position in 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 acquiring an additional 86 shares in the last quarter. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $32,000. Compass Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $39,000. Finally, FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth about $41,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have 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 price target for the company. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Argus upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the 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 purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $113.10 on Friday. The stock has a 50 day simple moving average of $120.43 and a 200 day simple moving average of $138.74. The stock has a market cap of $183.28 billion, a P/E ratio of 114.24, a PEG ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 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.