Abundance Wealth Counselors Buys 758 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Abundance Wealth Counselors boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,900 shares of the semiconductor manufacturer’s stock after purchasing an additional 758 shares during the period. Abundance Wealth Counselors’ holdings in Advanced Micro Devices were worth $954,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Creative Capital Management Investments LLC lifted its stake in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares during the last quarter. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $26,000. FSA Wealth Management LLC bought a new stake in Advanced Micro Devices in the 3rd quarter valued at $41,000. Finally, Coston McIsaac & Partners grew its holdings in Advanced Micro Devices by 319.4% in the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after buying an additional 198 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMD. Citigroup reduced their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Susquehanna reduced their price target on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating on the stock in a research report on Wednesday. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. TD Cowen reduced their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Bank of America downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $169.77.

Advanced Micro Devices Price Performance

Shares of AMD opened at $115.95 on Friday. The firm has a market cap of $188.16 billion, a PE ratio of 104.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $112.80 and a 52-week high of $227.30. The business’s 50 day moving average price is $125.92 and its two-hundred day moving average price is $141.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates 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 revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.