Wealthcare Advisory Partners LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealthcare Advisory Partners LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,664 shares of the semiconductor manufacturer’s stock after buying an additional 1,044 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Advanced Micro Devices were worth $1,867,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Finally, Addison Advisors LLC lifted its holdings in Advanced Micro Devices by 41.9% in 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 last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. Piper Sandler reiterated an “overweight” rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Morgan Stanley decreased their price target on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Cantor Fitzgerald decreased their price target on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Susquehanna decreased their price target on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research note on Monday, April 29th. Finally, KeyCorp cut their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.94.

Insider Buying and Selling at Advanced Micro Devices

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 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 of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated 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 owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The stock was 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 directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 181,850 shares of company stock valued at $34,637,833. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $0.32 during mid-day trading on Tuesday, hitting $155.46. 22,953,221 shares of the company’s stock were exchanged, compared to its average volume of 71,076,438. Advanced Micro Devices, Inc. has a fifty-two week low of $89.17 and a fifty-two week high of $227.30. The firm has a market capitalization of $251.27 billion, a P/E ratio of 230.46, a P/E/G ratio of 2.33 and a beta of 1.66. The business’s 50 day moving average is $175.00 and its two-hundred day moving average is $152.86. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Advanced Micro Devices 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.