Axxcess Wealth Management LLC Acquires 1,741 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Axxcess Wealth Management LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,121 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,741 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Advanced Micro Devices were worth $3,638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nikko Asset Management Americas Inc. boosted its position in Advanced Micro Devices by 34.9% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 914,036 shares of the semiconductor manufacturer’s stock valued at $110,406,000 after purchasing an additional 236,374 shares in the last quarter. Flagship Wealth Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $62,000. 1ST Source Bank boosted its holdings in shares of Advanced Micro Devices by 109.3% in the 4th quarter. 1ST Source Bank now owns 4,894 shares of the semiconductor manufacturer’s stock valued at $591,000 after buying an additional 2,556 shares in the last quarter. Gold Investment Management Ltd. grew its position in shares of Advanced Micro Devices by 18.3% in the 4th quarter. Gold Investment Management Ltd. now owns 2,259 shares of the semiconductor manufacturer’s stock worth $273,000 after buying an additional 350 shares during the last quarter. Finally, Nicholas Company Inc. raised its stake in shares of Advanced Micro Devices by 21.7% during the 4th quarter. Nicholas Company Inc. now owns 411,557 shares of the semiconductor manufacturer’s stock worth $49,712,000 after acquiring an additional 73,264 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMD shares. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. KeyCorp reduced 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. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays cut their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $103.51 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a fifty day moving average of $111.08 and a 200 day moving average of $132.53. The firm has a market cap of $167.74 billion, a PE ratio of 104.56, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.69.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.73% of the company’s stock.

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.