Abacus Wealth Partners LLC Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Abacus Wealth Partners LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,923 shares of the semiconductor manufacturer’s stock after buying an additional 102 shares during the period. Abacus Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $595,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Advanced Micro Devices by 89.0% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock worth $336,000 after purchasing an additional 974 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Advanced Micro Devices by 21.1% during the second quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer’s stock worth $26,937,000 after buying an additional 28,961 shares during the period. Fairscale Capital LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at $111,000. EverSource Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 7.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,332 shares of the semiconductor manufacturer’s stock valued at $1,514,000 after buying an additional 666 shares during the period. Finally, Edge Capital Group LLC lifted its stake in Advanced Micro Devices by 5.3% during the 2nd quarter. Edge Capital Group LLC now owns 6,159 shares of the semiconductor manufacturer’s stock worth $999,000 after acquiring an additional 309 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

AMD has been the topic of a number of recent research reports. KeyCorp cut their price target on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. 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. HSBC restated a “reduce” rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Morgan Stanley reduced their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, UBS Group lowered their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.61.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Trading Up 2.5 %

NASDAQ:AMD opened at $121.46 on Tuesday. The company has a market capitalization of $197.11 billion, a PE ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week high of $227.30. The stock’s 50 day moving average price is $129.94 and its 200 day moving average price is $145.06. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.