Prentice Wealth Management LLC Purchases 292 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prentice Wealth Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,328 shares of the semiconductor manufacturer’s stock after purchasing an additional 292 shares during the quarter. Prentice Wealth Management LLC’s holdings in Advanced Micro Devices were worth $523,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. State Street Corp lifted its stake in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC increased its stake in Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after purchasing an additional 441,924 shares during the period. Fisher Asset Management LLC lifted its position in shares of Advanced Micro Devices by 2.8% during the third quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer’s stock worth $3,904,323,000 after purchasing an additional 644,039 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Advanced Micro Devices by 8.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after purchasing an additional 1,565,083 shares during the period. Finally, Van ECK Associates Corp grew its holdings in shares of Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. TD Cowen decreased their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. UBS Group dropped their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Argus raised Advanced Micro Devices to a “strong-buy” rating in a research report on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $110.84 on Friday. The company has a 50 day moving average price of $118.84 and a 200 day moving average price of $137.94. The firm has a market capitalization of $179.61 billion, a P/E ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results 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 net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction 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 approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction 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 purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by insiders.

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.