MFG Wealth Management Inc. Invests $2.41 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

MFG Wealth Management Inc. purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 19,961 shares of the semiconductor manufacturer’s stock, valued at approximately $2,411,000. Advanced Micro Devices comprises about 2.2% of MFG Wealth Management Inc.’s holdings, making the stock its 18th biggest position.

A number of other large investors also recently bought and sold shares of AMD. Creative Capital Management Investments LLC lifted its position in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the 4th quarter valued at about $26,000. FSA Wealth Management LLC purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at about $41,000. Coston McIsaac & Partners grew its stake in Advanced Micro Devices by 319.4% in the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after acquiring an additional 198 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AMD shares. Argus upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Thursday, February 6th. Morgan Stanley lowered their target price on Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Benchmark lowered their price objective on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Mizuho cut their target price on shares of Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $158.70.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $111.72 on Thursday. The company has a 50 day moving average price of $122.17 and a 200 day moving average price of $139.31. The firm has a market capitalization of $181.04 billion, a P/E ratio of 112.85, a PEG ratio of 1.04 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 4.11 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.