Stratos Wealth Advisors LLC Sells 481 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stratos Wealth Advisors LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,858 shares of the semiconductor manufacturer’s stock after selling 481 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $1,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of Advanced Micro Devices by 102.6% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,468 shares of the semiconductor manufacturer’s stock worth $733,000 after purchasing an additional 2,263 shares during the last quarter. CWM LLC lifted its stake in Advanced Micro Devices by 2.5% in the third quarter. CWM LLC now owns 211,970 shares of the semiconductor manufacturer’s stock valued at $34,780,000 after buying an additional 5,256 shares during the period. Marcum Wealth LLC boosted its holdings in Advanced Micro Devices by 9.8% during the third quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock worth $565,000 after buying an additional 307 shares during the last quarter. Wedmont Private Capital grew its position in shares of Advanced Micro Devices by 2.6% during the 3rd quarter. Wedmont Private Capital now owns 20,044 shares of the semiconductor manufacturer’s stock worth $3,427,000 after buying an additional 510 shares during the period. Finally, Sanibel Captiva Trust Company Inc. increased its stake in shares of Advanced Micro Devices by 2.6% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 141,810 shares of the semiconductor manufacturer’s stock valued at $23,268,000 after acquiring an additional 3,651 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Piper Sandler decreased their price target on shares of Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday. Mizuho dropped their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday. Barclays reduced their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Citigroup lowered their price target on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.30.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $110.16 on Friday. The company has a fifty day moving average price of $124.53 and a two-hundred day moving average price of $140.39. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30. The stock has a market cap of $178.77 billion, a P/E ratio of 99.24, a P/E/G ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.