Retirement Wealth Solutions LLC Acquires New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 272 shares of the semiconductor manufacturer’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AMD. Creative Capital Management Investments LLC raised its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares during the period. ZRC Wealth Management LLC increased its stake in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $26,000. Abich Financial Wealth Management LLC raised its position in Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $41,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated 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 owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 in the last three months. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $121.46 on Friday. The business has a 50 day moving average price of $130.47 and a 200 day moving average price of $145.58. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during 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 quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Benchmark reissued a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Loop Capital started coverage on Advanced Micro Devices in a research report on Tuesday. They issued a “buy” rating and a $175.00 target price on the stock. Finally, KeyCorp decreased their price target on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $178.61.

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.