FFT Wealth Management LLC Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

FFT Wealth Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,146 shares of the semiconductor manufacturer’s stock after acquiring an additional 88 shares during the quarter. FFT Wealth Management LLC’s holdings in Advanced Micro Devices were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Advanced Micro Devices by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after acquiring an additional 1,153,611 shares during the period. Jennison Associates LLC grew its holdings in Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Northern Trust Corp grew its holdings in Advanced Micro Devices by 2.5% during the third quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock valued at $1,631,021,000 after purchasing an additional 385,636 shares during the period. Charles Schwab Investment Management Inc. increased its position in Advanced Micro Devices by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock worth $893,890,000 after buying an additional 79,817 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Advanced Micro Devices by 17.6% in the third quarter. Van ECK Associates Corp now owns 5,886,220 shares of the semiconductor manufacturer’s stock worth $605,221,000 after buying an additional 881,140 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMD. KeyCorp cut their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday. Truist Financial lowered their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a report on Wednesday. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Cantor Fitzgerald decreased their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Citigroup dropped their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $182.62.

Advanced Micro Devices Trading Down 8.9 %

Shares of Advanced Micro Devices stock traded down $14.11 on Wednesday, reaching $144.27. The company had a trading volume of 89,047,563 shares, compared to its average volume of 72,484,023. The firm’s 50-day moving average price is $176.64 and its two-hundred day moving average price is $151.54. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The firm has a market cap of $233.16 billion, a price-to-earnings ratio of 277.45, a P/E/G ratio of 2.44 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last ninety days. 0.65% of the stock is owned by company insiders.

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.