Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Nepsis Inc.

Nepsis Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 163,417 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,744 shares during the quarter. Advanced Micro Devices accounts for 2.8% of Nepsis Inc.’s portfolio, making the stock its 9th largest position. Nepsis Inc.’s holdings in Advanced Micro Devices were worth $19,739,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Creative Capital Management Investments LLC raised its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its stake in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $32,000. Finally, FSA Wealth Management LLC acquired a new position in Advanced Micro Devices during the third quarter worth $41,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were 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 of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last 90 days. 0.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMD shares. TD Cowen dropped their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Citigroup decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.33.

Advanced Micro Devices Trading Down 0.2 %

NASDAQ:AMD opened at $122.84 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $199.35 billion, a PE ratio of 110.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. The business’s 50-day simple moving average is $128.36 and its 200-day simple moving average is $144.12.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for 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%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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.