Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Increased by FSA Wealth Management LLC

FSA Wealth Management LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 56.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 387 shares of the semiconductor manufacturer’s stock after acquiring an additional 140 shares during the period. FSA Wealth Management LLC’s holdings in Advanced Micro Devices were worth $47,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock valued at $4,224,840,000 after acquiring an additional 835,413 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after acquiring an additional 290,784 shares in the last quarter. Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter valued at $2,867,193,000. Finally, Van ECK Associates Corp grew its stake in 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 purchasing an additional 2,238,866 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $85.56 on Tuesday. The firm’s fifty day simple moving average is $100.41 and its two-hundred day simple moving average is $122.42. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The firm has a market capitalization of $138.29 billion, a P/E ratio of 86.43, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on AMD. TD Cowen cut their price target on shares of Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, April 16th. Finally, Loop Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $144.90.

Insider Buying and Selling

In related news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

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.