Global Retirement Partners LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 17.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 31,198 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,556 shares during the period. Global Retirement Partners LLC’s holdings in Advanced Micro Devices were worth $3,768,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of AMD. Creative Capital Management Investments LLC lifted 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 worth $25,000 after purchasing an additional 86 shares in the last quarter. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $32,000. Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $39,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices in the third quarter worth $41,000. Institutional investors own 71.34% of the company’s stock.
Insider Transactions at Advanced Micro Devices
In other news, 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 completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.
Advanced Micro Devices Trading Up 0.4 %
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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%. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on AMD shares. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Melius Research restated a “hold” rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a report on Friday, February 7th. Mizuho lowered their target price on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.
View Our Latest Report on Advanced Micro Devices
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.
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