FFT Wealth Management LLC Has $403,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

FFT Wealth Management LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,336 shares of the semiconductor manufacturer’s stock after selling 610 shares during the quarter. FFT Wealth Management LLC’s holdings in Advanced Micro Devices were worth $403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. Creative Capital Management Investments LLC grew its holdings in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares in the last quarter. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices during the fourth quarter worth about $32,000. Finally, Compass Financial Services Inc acquired a new stake in Advanced Micro Devices in the 4th quarter worth about $39,000. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMD shares. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Mizuho lowered 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, February 5th. Bank of America cut their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Insider Activity

In related news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 3.8 %

Shares of NASDAQ AMD opened at $103.96 on Wednesday. The company’s 50 day moving average price is $118.05 and its 200-day moving average price is $137.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 52-week low of $103.62 and a 52-week high of $227.30. The company has a market capitalization of $168.47 billion, a P/E ratio of 105.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share 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.