waypoint wealth counsel Has $219,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

waypoint wealth counsel raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,810 shares of the semiconductor manufacturer’s stock after purchasing an additional 125 shares during the quarter. waypoint wealth counsel’s holdings in Advanced Micro Devices were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AMD. Union Bancaire Privee UBP SA acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $34,366,000. Apexium Financial LP grew its stake in shares of Advanced Micro Devices by 7.8% during the fourth quarter. Apexium Financial LP now owns 8,895 shares of the semiconductor manufacturer’s stock worth $1,074,000 after buying an additional 645 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Advanced Micro Devices by 28.4% during the fourth quarter. Blue Trust Inc. now owns 18,372 shares of the semiconductor manufacturer’s stock worth $2,219,000 after buying an additional 4,068 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Advanced Micro Devices by 4.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 32,387 shares of the semiconductor manufacturer’s stock valued at $3,912,000 after acquiring an additional 1,356 shares during the last quarter. Finally, Register Financial Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 8.8% during the 4th quarter. Register Financial Advisors LLC now owns 2,874 shares of the semiconductor manufacturer’s stock valued at $347,000 after acquiring an additional 233 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 0.2 %

AMD stock opened at $122.84 on Monday. The stock’s 50 day simple moving average is $128.12 and its 200 day simple moving average is $143.50. The company has a market cap of $199.35 billion, a P/E ratio of 110.67, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMD. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. KeyCorp lowered their price objective on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. Piper Sandler restated an “overweight” rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $176.33.

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.