Rialto Wealth Management LLC Invests $127,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Rialto Wealth Management LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,050 shares of the semiconductor manufacturer’s stock, valued at approximately $127,000.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after buying an additional 2,238,866 shares during the period. State Street Corp lifted its position in Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Advanced Micro Devices by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after acquiring an additional 1,565,083 shares in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new position in Advanced Micro Devices in the 4th quarter worth $165,952,000. Finally, Clear Street Derivatives LLC bought a new position in Advanced Micro Devices during the 3rd quarter worth about $110,496,000. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMD shares. UBS Group set a $175.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their target price for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. Finally, HSBC reaffirmed a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 1.5 %

Advanced Micro Devices stock opened at $100.31 on Friday. The company’s 50-day moving average price is $114.39 and its two-hundred day moving average price is $135.13. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market cap of $162.55 billion, a P/E ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a twelve month low of $95.89 and a twelve month high of $227.30.

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 return on equity of 7.42% and a net margin of 6.36%. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

About Advanced Micro Devices

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.