1,702 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by High Net Worth Advisory Group LLC

High Net Worth Advisory Group LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,702 shares of the semiconductor manufacturer’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. AQR Capital Management LLC increased its position in Advanced Micro Devices by 5.7% in the 2nd quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer’s stock worth $47,782,000 after purchasing an additional 15,975 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Advanced Micro Devices by 0.3% in the second quarter. Mackenzie Financial Corp now owns 201,976 shares of the semiconductor manufacturer’s stock worth $32,763,000 after buying an additional 594 shares during the last quarter. MidWestOne Financial Group Inc. raised its position in Advanced Micro Devices by 7.4% during the second quarter. MidWestOne Financial Group Inc. now owns 1,247 shares of the semiconductor manufacturer’s stock valued at $202,000 after acquiring an additional 86 shares in the last quarter. Ascent Group LLC lifted its stake in Advanced Micro Devices by 9.2% in the second quarter. Ascent Group LLC now owns 24,401 shares of the semiconductor manufacturer’s stock valued at $3,958,000 after acquiring an additional 2,053 shares during the last quarter. Finally, Aviso Wealth Management grew its position in Advanced Micro Devices by 9.8% in the second quarter. Aviso Wealth Management now owns 4,001 shares of the semiconductor manufacturer’s stock worth $649,000 after acquiring an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Morgan Stanley dropped their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $176.33.

Advanced Micro Devices Stock Down 0.2 %

AMD opened at $122.84 on Monday. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm’s fifty day moving average price is $128.12 and its two-hundred day moving average price is $143.50. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting 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 business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Advanced Micro Devices Company 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.