Prevail Innovative Wealth Advisors LLC Invests $7.40 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prevail Innovative Wealth Advisors LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 61,221 shares of the semiconductor manufacturer’s stock, valued at approximately $7,395,000. Advanced Micro Devices accounts for about 2.1% of Prevail Innovative Wealth Advisors LLC’s portfolio, making the stock its 7th biggest holding.

Several other hedge funds have also recently made changes to their positions in the company. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the 4th quarter worth $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Summit Securities Group LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $32,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday. Bank of America reduced their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Stifel Nicolaus lowered their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. TD Cowen lowered their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, Melius Research reaffirmed a “hold” rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $152.72.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $103.22 on Friday. The stock’s 50 day moving average price is $109.39 and its 200 day moving average price is $130.82. The firm has a market cap of $167.27 billion, a P/E ratio of 104.26, a PEG ratio of 1.11 and a beta of 1.74. 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 1 year low of $94.73 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal 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.