Atria Wealth Solutions Inc. Acquires 435 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Atria Wealth Solutions Inc. grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,974 shares of the semiconductor manufacturer’s stock after purchasing an additional 435 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Advanced Micro Devices were worth $20,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Peoples Bank KS bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management bought a new position in Advanced Micro Devices in the 3rd quarter worth $27,000. Gables Capital Management Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth $29,000. Kathleen S. Wright Associates Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Raleigh Capital Management Inc. raised its holdings in Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after acquiring an additional 109 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. DZ Bank reiterated a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, March 7th. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. The Goldman Sachs Group raised their price target on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. TD Cowen raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Wells Fargo & Company raised their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $0.53 during trading on Wednesday, reaching $151.74. The company had a trading volume of 43,358,590 shares, compared to its average volume of 73,559,477. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The stock has a market cap of $245.23 billion, a PE ratio of 291.81, a PEG ratio of 2.26 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The business’s 50 day moving average price is $178.25 and its 200-day moving average price is $149.89.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. Advanced Micro Devices’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 over the last ninety days. Insiders own 0.65% of the company’s stock.

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.