Serenus Wealth Advisors LLC Invests $254,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Serenus Wealth Advisors LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,103 shares of the semiconductor manufacturer’s stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in Advanced Micro Devices by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Swiss National Bank grew its stake in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock worth $787,186,000 after purchasing an additional 12,500 shares during the period. Shum Financial Group Inc. purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $858,000. State Street Corp lifted its stake in shares of Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after buying an additional 441,924 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction 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 $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMD. Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Wells Fargo & Company decreased their target price on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Citigroup lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Advanced Micro Devices Stock Down 2.4 %

Shares of NASDAQ AMD opened at $107.56 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a market capitalization of $174.55 billion, a P/E ratio of 96.90, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a 50 day simple moving average of $124.01 and a 200-day simple moving average of $140.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share 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.