Alaethes Wealth LLC Purchases 115 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alaethes Wealth LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,656 shares of the semiconductor manufacturer’s stock after acquiring an additional 115 shares during the period. Alaethes Wealth LLC’s holdings in Advanced Micro Devices were worth $1,891,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $29,000. Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at $31,000. Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $32,000. Finally, IAG Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after acquiring an additional 118 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the topic of several research analyst reports. Stifel Nicolaus set a $132.00 price target on Advanced Micro Devices in a research note on Monday. Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, April 16th. Barclays reduced their price target on shares of Advanced Micro Devices from $140.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Finally, Evercore ISI reduced their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.57.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $98.80 on Friday. The stock has a market capitalization of $159.69 billion, a P/E ratio of 99.80, a PEG ratio of 1.11 and a beta of 1.89. The business has a 50 day simple moving average of $97.39 and a two-hundred day simple moving average of $118.56. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

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.