Heritage Wealth Management Inc. Has $1.04 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Heritage Wealth Management Inc. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,604 shares of the semiconductor manufacturer’s stock after buying an additional 131 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Advanced Micro Devices were worth $1,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AMD. Onefund LLC lifted its holdings in shares of Advanced Micro Devices by 3.1% in the 4th quarter. Onefund LLC now owns 4,383 shares of the semiconductor manufacturer’s stock worth $529,000 after purchasing an additional 133 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in Advanced Micro Devices by 128.8% during the 4th quarter. Jacobi Capital Management LLC now owns 6,483 shares of the semiconductor manufacturer’s stock worth $783,000 after acquiring an additional 3,650 shares during the last quarter. Richard W. Paul & Associates LLC boosted its holdings in Advanced Micro Devices by 5.4% during the 4th quarter. Richard W. Paul & Associates LLC now owns 8,178 shares of the semiconductor manufacturer’s stock worth $988,000 after acquiring an additional 420 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Advanced Micro Devices by 7.5% during the 4th quarter. Metis Global Partners LLC now owns 101,671 shares of the semiconductor manufacturer’s stock worth $12,281,000 after acquiring an additional 7,108 shares during the last quarter. Finally, Xcel Wealth Management LLC boosted its holdings in Advanced Micro Devices by 9.2% during the 4th quarter. Xcel Wealth Management LLC now owns 14,012 shares of the semiconductor manufacturer’s stock worth $1,693,000 after acquiring an additional 1,177 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America cut their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. KeyCorp cut their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Insiders Place Their Bets

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

Advanced Micro Devices Stock Up 0.3 %

AMD stock opened at $99.81 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $116.94 and its 200 day moving average is $136.87. The stock has a market cap of $161.74 billion, a price-to-earnings ratio of 100.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a 1-year low of $98.69 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.