Enzi Wealth Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Enzi Wealth bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,597 shares of the semiconductor manufacturer's stock, valued at approximately $569,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisory Alpha LLC lifted its position in Advanced Micro Devices by 7.5% during the second quarter. Advisory Alpha LLC now owns 4,674 shares of the semiconductor manufacturer's stock valued at $758,000 after purchasing an additional 326 shares during the last quarter. SPC Financial Inc. bought a new position in Advanced Micro Devices during the second quarter valued at $474,000. New Century Financial Group LLC bought a new position in Advanced Micro Devices during the second quarter valued at $246,000. Strategic Investment Solutions Inc. IL bought a new position in Advanced Micro Devices during the second quarter valued at $450,000. Finally, Gordian Capital Singapore Pte Ltd lifted its position in Advanced Micro Devices by 74.0% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 119,293 shares of the semiconductor manufacturer's stock valued at $19,351,000 after purchasing an additional 50,730 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analyst Ratings Changes

AMD has been the subject of several research reports. Bank of America lowered shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $180.00 to $155.00 in a research report on Monday, December 9th. Mizuho reduced their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, January 10th. Melius Research reissued a "hold" rating and issued a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Evercore ISI increased their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $169.77.

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Advanced Micro Devices Stock Down 2.4 %

Advanced Micro Devices stock traded down $2.91 during midday trading on Friday, hitting $115.95. 40,446,851 shares of the company's stock were exchanged, compared to its average volume of 35,441,836. 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 12 month low of $112.80 and a 12 month high of $227.30. The firm has a 50-day moving average of $125.92 and a two-hundred day moving average of $141.24. The company has a market cap of $188.16 billion, a PE ratio of 104.46, a P/E/G ratio of 1.04 and a beta of 1.66.

Insider Activity

In other news, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices 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 completion of the sale, the executive vice president now owns 293,347 shares of the company's stock, 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. In the last ninety days, insiders have sold 197,036 shares of company stock worth $28,165,821. Corporate insiders own 0.73% of the company's stock.

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.