United Asset Strategies Inc. Has $388,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

United Asset Strategies Inc. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,209 shares of the semiconductor manufacturer’s stock after buying an additional 419 shares during the period. United Asset Strategies Inc.’s holdings in Advanced Micro Devices were worth $388,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AMD. Creative Capital Management Investments LLC grew its position in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC boosted its stake in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices during the 4th quarter worth $32,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $41,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,036 shares of company stock worth $28,165,821. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 6.3 %

NASDAQ:AMD opened at $115.05 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $112.80 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a market cap of $186.71 billion, a PE ratio of 103.65, a P/E/G ratio of 1.09 and a beta of 1.66. The firm’s 50 day simple moving average is $128.12 and its 200 day simple moving average is $143.21.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMD shares. Barclays lowered their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Citigroup dropped their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Finally, StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.33.

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.