SeaCrest Wealth Management LLC Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SeaCrest Wealth Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 35,253 shares of the semiconductor manufacturer’s stock after purchasing an additional 697 shares during the period. Advanced Micro Devices makes up approximately 0.6% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position. SeaCrest Wealth Management LLC’s holdings in Advanced Micro Devices were worth $4,885,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Activest Wealth Management acquired a new stake in Advanced Micro Devices in the third quarter valued at $26,000. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $27,000. Castleview Partners LLC boosted its holdings in Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the period. Finally, Indiana Trust & Investment Management CO bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $31,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices 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 directly owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,943 shares of company stock worth $59,919,994. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $0.90 during trading on Friday, reaching $180.49. 57,628,614 shares of the company traded hands, compared to its average volume of 78,801,392. The firm has a market capitalization of $291.70 billion, a PE ratio of 347.10, a PEG ratio of 2.70 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. 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’s 50 day moving average is $181.02 and its two-hundred day moving average is $140.97.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the business posted $0.54 earnings per share. Advanced Micro Devices’s revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent research reports. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a report on Wednesday, January 24th. The Goldman Sachs Group lifted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. TD Cowen increased their price objective on Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Bank of America raised their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, DZ Bank reaffirmed a “hold” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Four analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $181.82.

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.