Wealthspire Advisors LLC Buys 149 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealthspire Advisors LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 10,657 shares of the semiconductor manufacturer’s stock after purchasing an additional 149 shares during the quarter. Wealthspire Advisors LLC’s holdings in Advanced Micro Devices were worth $1,571,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bare Financial Services Inc bought a new position in Advanced Micro Devices during the fourth quarter worth about $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $29,000. Gables Capital Management Inc. bought a new stake in Advanced Micro Devices in the fourth quarter valued at $29,000. Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Addison Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. KeyCorp dropped their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Benchmark reduced their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Susquehanna dropped their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a report on Monday, April 29th. Finally, Wells Fargo & Company raised their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $183.94.

Advanced Micro Devices Stock Down 0.8 %

AMD stock traded down $1.23 during mid-day trading on Thursday, reaching $152.39. The company had a trading volume of 32,981,923 shares, compared to its average volume of 70,356,836. The company has a market capitalization of $246.31 billion, a price-to-earnings ratio of 224.10, a PEG ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The stock has a 50 day simple moving average of $174.08 and a two-hundred day simple moving average of $153.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 181,850 shares of company stock worth $34,637,833. Company insiders own 0.65% of the company’s stock.

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.