Global Wealth Strategies & Associates Acquires Shares of 215 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, Holdings Channel.com reports. The fund bought 215 shares of the semiconductor manufacturer’s stock, valued at approximately $26,000.

Other hedge funds have also recently modified their holdings of the company. Financial Counselors Inc. increased its holdings in shares of Advanced Micro Devices by 5.5% in the second quarter. Financial Counselors Inc. now owns 7,405 shares of the semiconductor manufacturer’s stock worth $1,201,000 after purchasing an additional 387 shares during the last quarter. TIAA Trust National Association raised its holdings in shares of Advanced Micro Devices by 1.2% during the 2nd quarter. TIAA Trust National Association now owns 23,923 shares of the semiconductor manufacturer’s stock worth $3,881,000 after acquiring an additional 289 shares in the last quarter. Evermay Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 59.4% during the 2nd quarter. Evermay Wealth Management LLC now owns 389 shares of the semiconductor manufacturer’s stock valued at $63,000 after acquiring an additional 145 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Advanced Micro Devices by 0.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 138,816 shares of the semiconductor manufacturer’s stock valued at $22,517,000 after purchasing an additional 591 shares in the last quarter. Finally, Founders Financial Securities LLC increased its position in Advanced Micro Devices by 527.4% in the second quarter. Founders Financial Securities LLC now owns 18,854 shares of the semiconductor manufacturer’s stock worth $3,058,000 after purchasing an additional 15,849 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 over the last three months. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $0.37 during midday trading on Thursday, hitting $120.42. The company’s stock had a trading volume of 23,606,033 shares, compared to its average volume of 53,218,793. The firm has a market cap of $195.42 billion, a P/E ratio of 108.49, a P/E/G ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $117.90 and a fifty-two week high of $227.30. The firm’s 50 day moving average is $136.73 and its 200-day moving average is $148.38. 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 announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Citigroup reduced their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Mizuho lowered their target price on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Roth Mkm reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $191.96.

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.