Meridian Wealth Partners LLC Acquires 1,055 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Meridian Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,040 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,055 shares during the period. Meridian Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMD. Washburn Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $231,000. Pathway Financial Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $229,000. Independence Bank of Kentucky raised its stake in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the period. Gendell Jeffrey L acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $3,085,000. Finally, Sara Bay Financial acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $315,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMD has been the topic of several recent research reports. DZ Bank reissued a “hold” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, March 7th. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Morgan Stanley lifted their target price on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, Citigroup lifted their target price on Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $3.64 during trading on Friday, reaching $157.40. 42,425,480 shares of the stock were exchanged, compared to its average volume of 54,821,344. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The firm has a market cap of $254.38 billion, a PE ratio of 302.70, a PEG ratio of 2.39 and a beta of 1.64. The stock has a 50-day moving average price of $177.46 and a 200-day moving average price of $150.55. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 over the last three months. Corporate 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.