Great Waters Wealth Management Purchases New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Great Waters Wealth Management acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,334 shares of the semiconductor manufacturer’s stock, valued at approximately $282,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LifePlan Financial LLC raised its stake in shares of Advanced Micro Devices by 14.2% in the fourth quarter. LifePlan Financial LLC now owns 3,278 shares of the semiconductor manufacturer’s stock worth $396,000 after purchasing an additional 408 shares during the last quarter. Clear Harbor Asset Management LLC increased its holdings in Advanced Micro Devices by 100.8% in the 4th quarter. Clear Harbor Asset Management LLC now owns 6,664 shares of the semiconductor manufacturer’s stock worth $805,000 after buying an additional 3,346 shares in the last quarter. Segment Wealth Management LLC raised its position in Advanced Micro Devices by 0.5% in the 4th quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer’s stock worth $1,937,000 after buying an additional 87 shares during the last quarter. TB Alternative Assets Ltd. bought a new position in Advanced Micro Devices during the 4th quarter valued at about $14,172,000. Finally, Crossmark Global Holdings Inc. boosted its holdings in shares of Advanced Micro Devices by 10.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 229,696 shares of the semiconductor manufacturer’s stock valued at $27,744,000 after acquiring an additional 20,841 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several research reports. Piper Sandler reissued an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Wells Fargo & Company reduced their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Finally, HSBC reissued a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two equities research 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.61.

Advanced Micro Devices Stock Performance

AMD opened at $121.46 on Tuesday. The stock has a market capitalization of $197.11 billion, a price-to-earnings ratio of 109.42, a PEG ratio of 1.07 and a beta of 1.66. 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 quick ratio of 1.78 and a current ratio of 2.50. The company has a fifty day moving average of $129.42 and a 200 day moving average of $144.76.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 transaction of $5,743,301.80. Following the transaction, 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 position. 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 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by insiders.

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.