National Wealth Management Group LLC Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

National Wealth Management Group LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,799 shares of the semiconductor manufacturer’s stock, valued at approximately $265,000.

Several other hedge funds have also recently bought and sold shares of AMD. Capital Investment Advisors LLC grew its holdings in shares of Advanced Micro Devices by 9.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 8,265 shares of the semiconductor manufacturer’s stock valued at $850,000 after acquiring an additional 747 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in Advanced Micro Devices by 13.7% during the third quarter. Flagship Harbor Advisors LLC now owns 20,752 shares of the semiconductor manufacturer’s stock valued at $2,134,000 after purchasing an additional 2,503 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Advanced Micro Devices by 3,436.8% in the third quarter. DAVENPORT & Co LLC now owns 481,718 shares of the semiconductor manufacturer’s stock valued at $49,552,000 after purchasing an additional 468,098 shares in the last quarter. Bellecapital International Ltd. increased its position in Advanced Micro Devices by 5.7% in the 3rd quarter. Bellecapital International Ltd. now owns 94,456 shares of the semiconductor manufacturer’s stock worth $9,712,000 after purchasing an additional 5,077 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 4.6% during the 3rd quarter. Avior Wealth Management LLC now owns 7,856 shares of the semiconductor manufacturer’s stock worth $808,000 after purchasing an additional 344 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were 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 in the company, valued at approximately $794,069.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were 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 owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded up $4.10 during midday trading on Tuesday, hitting $152.74. 31,910,724 shares of the company were exchanged, compared to its average volume of 73,758,141. The firm has a 50 day simple moving average of $179.18 and a 200-day simple moving average of $149.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm has a market cap of $246.85 billion, a P/E ratio of 293.74, a PEG ratio of 2.23 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on AMD shares. Barclays increased their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, April 4th. Bank of America raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $185.59.

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.