Sheaff Brock Investment Advisors LLC Lowers Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sheaff Brock Investment Advisors LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,318 shares of the semiconductor manufacturer’s stock after selling 9,818 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $5,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMD. Creative Capital Management Investments LLC boosted its holdings in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the period. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth $26,000. Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at $32,000. Compass Financial Services Inc purchased a new position in Advanced Micro Devices during the fourth quarter worth about $39,000. Finally, FSA Wealth Management LLC bought a new position in Advanced Micro Devices in the 3rd quarter worth about $41,000. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMD. Loop Capital initiated coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Mizuho cut 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 note on Wednesday, February 5th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley cut their target price on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $113.10 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The firm has a market cap of $183.28 billion, a P/E ratio of 114.24, a P/E/G ratio of 1.04 and a beta of 1.65. The business’s 50 day moving average price is $120.43 and its 200-day moving average price is $138.74.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting 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 research analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Advanced Micro Devices 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.