CreativeOne Wealth LLC Has $1.10 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

CreativeOne Wealth LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,451 shares of the semiconductor manufacturer’s stock after selling 611 shares during the quarter. CreativeOne Wealth LLC’s holdings in Advanced Micro Devices were worth $1,098,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth about $27,000. 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 during the fourth quarter valued at approximately $29,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMD has been the topic of several research analyst reports. 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 note on Wednesday, May 1st. Jefferies Financial Group began coverage on Advanced Micro Devices in a research report on Monday, May 13th. They issued a “buy” rating and a $190.00 price objective for the company. Bank of America increased their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Finally, Benchmark decreased their price objective on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $185.26.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $3.86 during midday trading on Wednesday, reaching $168.52. 16,810,678 shares of the company’s stock were exchanged, compared to its average volume of 67,721,492. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The stock’s 50-day simple moving average is $165.87 and its 200 day simple moving average is $157.24. The firm has a market cap of $272.38 billion, a price-to-earnings ratio of 242.15, a P/E/G ratio of 2.57 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.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping 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 period in the previous year, the business posted $0.43 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $290,290,831.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Darla M. Smith sold 1,678 shares of the company’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 sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $290,290,831.46. The disclosure for this sale can be found here. Insiders have sold 165,650 shares of company stock worth $31,761,199 in the last 90 days. 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.