Institute for Wealth Management LLC. decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,134 shares of the semiconductor manufacturer’s stock after selling 1,398 shares during the period. Institute for Wealth Management LLC.’s holdings in Advanced Micro Devices were worth $3,761,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Strategic Advocates LLC grew its position in shares of Advanced Micro Devices by 17.6% in the 4th quarter. Strategic Advocates LLC now owns 1,868 shares of the semiconductor manufacturer’s stock valued at $226,000 after purchasing an additional 279 shares during the period. Sonora Investment Management Group LLC lifted its stake in Advanced Micro Devices by 11.9% in the fourth quarter. Sonora Investment Management Group LLC now owns 5,689 shares of the semiconductor manufacturer’s stock valued at $687,000 after buying an additional 605 shares in the last quarter. Cibc World Market Inc. boosted its holdings in shares of Advanced Micro Devices by 1.8% in the fourth quarter. Cibc World Market Inc. now owns 373,369 shares of the semiconductor manufacturer’s stock valued at $45,099,000 after buying an additional 6,766 shares during the period. Hixon Zuercher LLC increased its position in shares of Advanced Micro Devices by 4.8% during the fourth quarter. Hixon Zuercher LLC now owns 20,564 shares of the semiconductor manufacturer’s stock worth $2,484,000 after acquiring an additional 948 shares in the last quarter. Finally, Clarity Financial LLC raised its holdings in shares of Advanced Micro Devices by 0.4% during the fourth quarter. Clarity Financial LLC now owns 93,654 shares of the semiconductor manufacturer’s stock worth $11,312,000 after acquiring an additional 398 shares during the period. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Performance
Shares of NASDAQ AMD opened at $118.86 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market cap of $192.89 billion, a price-to-earnings ratio of 107.08, a P/E/G ratio of 1.04 and a beta of 1.66. The stock’s fifty day moving average price is $126.74 and its two-hundred day moving average price is $142.09. Advanced Micro Devices, Inc. has a one year low of $112.80 and a one year high of $227.30.
Insiders Place Their Bets
In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on 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 directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction 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 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 have sold a total of 197,036 shares of company stock worth $28,165,821 in the last quarter. Corporate insiders own 0.73% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Monday, October 28th. KeyCorp dropped their target price on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Barclays reduced their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, Piper Sandler reissued an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $171.04.
Get Our Latest Report on Advanced Micro Devices
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.
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