Beta Wealth Group Inc. Has $737,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Beta Wealth Group Inc. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,100 shares of the semiconductor manufacturer’s stock after acquiring an additional 800 shares during the period. Beta Wealth Group Inc.’s holdings in Advanced Micro Devices were worth $737,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. GAM Holding AG raised its holdings in Advanced Micro Devices by 35.5% in the 4th quarter. GAM Holding AG now owns 43,024 shares of the semiconductor manufacturer’s stock valued at $5,197,000 after acquiring an additional 11,273 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 9.8% in the fourth quarter. Venturi Wealth Management LLC now owns 37,950 shares of the semiconductor manufacturer’s stock valued at $4,584,000 after purchasing an additional 3,402 shares in the last quarter. Citizens & Northern Corp raised its stake in shares of Advanced Micro Devices by 188.3% in the fourth quarter. Citizens & Northern Corp now owns 6,036 shares of the semiconductor manufacturer’s stock valued at $729,000 after purchasing an additional 3,942 shares in the last quarter. Empower Advisory Group LLC lifted its position in Advanced Micro Devices by 0.6% in the fourth quarter. Empower Advisory Group LLC now owns 25,706 shares of the semiconductor manufacturer’s stock worth $3,105,000 after purchasing an additional 151 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in Advanced Micro Devices by 26.0% during the fourth quarter. CIBC Asset Management Inc now owns 638,091 shares of the semiconductor manufacturer’s stock worth $77,075,000 after buying an additional 131,796 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 1.2 %

Advanced Micro Devices stock opened at $113.10 on Tuesday. The firm has a market cap of $183.28 billion, a price-to-earnings ratio of 114.24, a PEG ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. The firm has a 50 day moving average price of $120.43 and a two-hundred day moving average price of $138.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts predict that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Insider Activity

In other news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMD. Argus raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Thursday, February 6th. Benchmark cut their price target on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. TD Cowen lowered their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group cut their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

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.