Wealth Alliance Acquires 1,582 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealth Alliance increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 5,571 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,582 shares during the period. Wealth Alliance’s holdings in Advanced Micro Devices were worth $673,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Capital Management Investments LLC boosted its holdings in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the period. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $32,000. Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $39,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $41,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.5 %

Shares of NASDAQ:AMD opened at $114.17 on Friday. The company has a fifty day moving average of $119.16 and a 200-day moving average of $138.11. The company has a market capitalization of $185.01 billion, a PE ratio of 115.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. 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 announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Melius Research reiterated a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Finally, Bank of America dropped their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s 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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is currently 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.