Sax Wealth Advisors LLC Takes $514,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sax Wealth Advisors LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,255 shares of the semiconductor manufacturer's stock, valued at approximately $514,000.

Other hedge funds have also recently modified their holdings of the company. ProVise Management Group LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at about $399,000. Benjamin F. Edwards & Company Inc. boosted its position in Advanced Micro Devices by 7.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 34,780 shares of the semiconductor manufacturer's stock valued at $5,642,000 after buying an additional 2,461 shares during the last quarter. Callan Capital LLC increased its holdings in Advanced Micro Devices by 9.7% in the 2nd quarter. Callan Capital LLC now owns 3,662 shares of the semiconductor manufacturer's stock worth $594,000 after buying an additional 325 shares during the period. Bridges Investment Management Inc. raised its position in Advanced Micro Devices by 66.0% during the 2nd quarter. Bridges Investment Management Inc. now owns 2,096 shares of the semiconductor manufacturer's stock worth $340,000 after buying an additional 833 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Advanced Micro Devices by 1.9% during the 2nd quarter. King Luther Capital Management Corp now owns 51,075 shares of the semiconductor manufacturer's stock valued at $8,285,000 after acquiring an additional 969 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMD. Cantor Fitzgerald reiterated an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 31st. Mizuho reduced their price objective on Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. UBS Group lowered their target price on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Morgan Stanley dropped their target price on Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Two investment 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. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $178.61.

Advanced Micro Devices Price Performance

AMD traded up $3.02 on Friday, reaching $121.46. 35,556,654 shares of the company's stock were exchanged, compared to its average volume of 34,940,360. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30. The stock has a market cap of $197.11 billion, a PE ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. 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's fifty day moving average price is $129.94 and its 200-day moving average price is $145.19.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business's revenue was up 17.6% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the company'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 owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated 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 directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.65% of the company's stock.

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.