Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Opes Wealth Management LLC

Opes Wealth Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,775 shares of the semiconductor manufacturer’s stock after buying an additional 114 shares during the quarter. Opes Wealth Management LLC’s holdings in Advanced Micro Devices were worth $409,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC increased its stake in Advanced Micro Devices by 65.5% in the fourth quarter. Fidelis Capital Partners LLC now owns 5,365 shares of the semiconductor manufacturer’s stock valued at $791,000 after purchasing an additional 2,123 shares during the last quarter. Western Wealth Management LLC grew its position in Advanced Micro Devices by 3.3% during the fourth quarter. Western Wealth Management LLC now owns 18,551 shares of the semiconductor manufacturer’s stock valued at $2,735,000 after acquiring an additional 590 shares during the period. Xponance Inc. grew its position in Advanced Micro Devices by 2.2% during the fourth quarter. Xponance Inc. now owns 306,309 shares of the semiconductor manufacturer’s stock valued at $45,153,000 after acquiring an additional 6,701 shares during the period. Oliver Lagore Vanvalin Investment Group grew its position in Advanced Micro Devices by 36.2% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after acquiring an additional 72 shares during the period. Finally, Twin Capital Management Inc. grew its position in Advanced Micro Devices by 69.7% during the fourth quarter. Twin Capital Management Inc. now owns 24,243 shares of the semiconductor manufacturer’s stock valued at $3,574,000 after acquiring an additional 9,953 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was 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 the SEC website. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last quarter. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $1.06 on Thursday, reaching $155.08. 52,621,231 shares of the stock traded hands, compared to its average volume of 74,677,984. The firm’s fifty day simple moving average is $180.44 and its 200 day simple moving average is $148.23. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The company has a market cap of $250.63 billion, a price-to-earnings ratio of 299.77, a P/E/G ratio of 2.49 and a beta of 1.64. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMD shares. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price target for the company from $180.00 to $225.00 in a research report on Tuesday. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. boosted their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, January 31st. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Wednesday, January 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 target price on shares of Advanced Micro Devices in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

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.