Tradition Wealth Management LLC Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tradition Wealth Management LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 27.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,438 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,164 shares during the quarter. Tradition Wealth Management LLC’s holdings in Advanced Micro Devices were worth $802,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Chase Investment Counsel Corp lifted its holdings in shares of Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after acquiring an additional 87 shares during the period. Washburn Capital Management Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $231,000. Pathway Financial Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $229,000. Independence Bank of Kentucky increased its position in Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Fortis Capital Advisors LLC increased its position in Advanced Micro Devices by 137.8% during the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock worth $1,840,000 after purchasing an additional 7,235 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMD shares. KeyCorp dropped their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Morgan Stanley lowered their price objective on shares of Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Barclays increased their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.26.

Check Out Our Latest Analysis on Advanced Micro Devices

Insider Activity

In other news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s 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 transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,972 shares of company stock valued at $31,444,628. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD traded up $0.15 during trading hours on Friday, hitting $166.90. 64,331,946 shares of the stock were exchanged, compared to its average volume of 45,787,220. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock has a market cap of $269.76 billion, a price-to-earnings ratio of 245.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The stock has a 50-day simple moving average of $162.79 and a 200-day simple moving average of $159.79.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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