Meridian Wealth Management LLC Sells 6,464 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Meridian Wealth Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,684 shares of the semiconductor manufacturer’s stock after selling 6,464 shares during the quarter. Meridian Wealth Management LLC’s holdings in Advanced Micro Devices were worth $11,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bedell Frazier Investment Counselling LLC lifted its position in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares during the period. NCM Capital Management LLC grew its holdings in Advanced Micro Devices by 0.9% in the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after purchasing an additional 75 shares during the period. Pin Oak Investment Advisors Inc. increased its stake in Advanced Micro Devices by 15.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after purchasing an additional 76 shares in the last quarter. Greenwich Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 5.4% during the third quarter. Greenwich Wealth Management LLC now owns 1,533 shares of the semiconductor manufacturer’s stock valued at $252,000 after purchasing an additional 78 shares during the period. Finally, Arlington Capital Management Inc. boosted its position in shares of Advanced Micro Devices by 2.6% during the 3rd quarter. Arlington Capital Management Inc. now owns 3,106 shares of the semiconductor manufacturer’s stock worth $510,000 after purchasing an additional 80 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were bought 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 in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.3 %

NASDAQ:AMD opened at $99.81 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $116.94 and its 200 day moving average is $136.84. Advanced Micro Devices, Inc. has a 12 month low of $98.69 and a 12 month high of $227.30. The stock has a market capitalization of $161.74 billion, a PE ratio of 100.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Roth Capital set a $140.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Melius Research restated a “hold” rating and set a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. KeyCorp lowered their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Mizuho reduced their price target on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Finally, Bank of America decreased 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 note on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

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.