MONECO Advisors LLC Acquires 845 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MONECO Advisors LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,755 shares of the semiconductor manufacturer’s stock after purchasing an additional 845 shares during the period. MONECO Advisors LLC’s holdings in Advanced Micro Devices were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Inc. increased its position in shares of Advanced Micro Devices by 2.4% in the fourth quarter. Howard Capital Management Inc. now owns 69,737 shares of the semiconductor manufacturer’s stock valued at $8,424,000 after acquiring an additional 1,645 shares during the last quarter. Wealthspire Advisors LLC grew its stake in Advanced Micro Devices by 3.0% in the fourth quarter. Wealthspire Advisors LLC now owns 11,044 shares of the semiconductor manufacturer’s stock valued at $1,334,000 after purchasing an additional 321 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in Advanced Micro Devices by 927.5% in the fourth quarter. Tradewinds Capital Management LLC now owns 2,281 shares of the semiconductor manufacturer’s stock valued at $276,000 after purchasing an additional 2,059 shares in the last quarter. JBR Co Financial Management Inc increased its position in shares of Advanced Micro Devices by 10.7% during the 4th quarter. JBR Co Financial Management Inc now owns 7,051 shares of the semiconductor manufacturer’s stock worth $852,000 after purchasing an additional 680 shares during the last quarter. Finally, Sigma Planning Corp raised its stake in shares of Advanced Micro Devices by 13.6% during the 4th quarter. Sigma Planning Corp now owns 41,790 shares of the semiconductor manufacturer’s stock worth $5,048,000 after purchasing an additional 5,003 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price on the stock. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Susquehanna cut their target price on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. UBS Group set a $175.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $110.84 on Monday. The business has a fifty day simple moving average of $118.84 and a 200 day simple moving average of $138.06. The company has a market cap of $179.61 billion, a P/E ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.66. 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 twelve month low of $106.50 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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%. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was 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 in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % 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 this link. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

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.