9258 Wealth Management LLC Has $1.79 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

9258 Wealth Management LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 70.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,122 shares of the semiconductor manufacturer’s stock after buying an additional 5,009 shares during the quarter. 9258 Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices in the third quarter valued at approximately $27,000. Gables Capital Management Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $30,000. Addison Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Advanced Micro Devices by 54.8% in the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. UBS Group reduced their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Wedbush restated an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices in a report on Monday, May 13th. They set a “buy” rating and a $190.00 target price for the company. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Finally, Citigroup reduced their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.26.

Check Out Our Latest Analysis on AMD

Advanced Micro Devices Price Performance

Shares of AMD opened at $166.90 on Friday. The firm has a market capitalization of $269.76 billion, a PE ratio of 245.44, a PEG ratio of 1.92 and a beta of 1.66. The company’s 50-day moving average is $162.79 and its 200-day moving average is $159.79. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company posted $0.43 earnings per share. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,972 shares of company stock worth $31,444,628. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Profile

(Free Report)

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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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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