Red Door Wealth Management LLC Purchases 689 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Red Door Wealth Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 53.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,987 shares of the semiconductor manufacturer’s stock after acquiring an additional 689 shares during the period. Red Door Wealth Management LLC’s holdings in Advanced Micro Devices were worth $240,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Capital Management Investments LLC increased its holdings in Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC grew its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at $32,000. Finally, FSA Wealth Management LLC purchased a new position in Advanced Micro Devices during the 3rd quarter worth $41,000. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company reduced their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.33.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $122.84 on Friday. The company has a 50 day moving average of $128.36 and a 200 day moving average of $144.12. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market cap of $199.35 billion, a P/E ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 76,496 shares of the 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 in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,036 shares of company stock worth $28,165,821. 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.