Strategic Wealth Partners Ltd. Has $2.33 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Strategic Wealth Partners Ltd. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 20,874 shares of the semiconductor manufacturer’s stock after purchasing an additional 722 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Advanced Micro Devices were worth $2,334,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $65,897,000. Enzi Wealth bought a new position in Advanced Micro Devices in the fourth quarter worth $569,000. Welch Group LLC lifted its position in Advanced Micro Devices by 6.3% in the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after purchasing an additional 2,981 shares during the period. Stonegate Investment Group LLC boosted its stake in Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock worth $61,896,000 after buying an additional 145,067 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $117.17 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The stock has a market capitalization of $189.98 billion, a P/E ratio of 118.35, a P/E/G ratio of 1.11 and a beta of 1.97. The business has a 50-day moving average price of $98.94 and a two-hundred day moving average price of $114.91.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 35.9% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Robert W. Baird lowered their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 7th. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. TD Cowen boosted their price target on Advanced Micro Devices from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Finally, Dbs Bank lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $132.10.

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.