Enzi Wealth Invests $569,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

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

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Advanced Micro Devices by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after purchasing an additional 177,700 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock valued at $787,186,000 after acquiring an additional 12,500 shares during the last quarter. Shum Financial Group Inc. purchased a new position in Advanced Micro Devices in the third quarter worth about $858,000. State Street Corp increased its stake in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the period. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. KeyCorp cut their target price on Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Bank of America lowered shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Melius Research reiterated a "hold" rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday. Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Finally, Roth Mkm reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $171.86.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were 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 in the company, valued at approximately $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. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 in the last three months. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

AMD stock traded up $1.51 during mid-day trading on Thursday, reaching $118.86. The company's stock had a trading volume of 29,391,181 shares, compared to its average volume of 38,851,934. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company's 50 day moving average is $126.74 and its two-hundred day moving average is $142.09. Advanced Micro Devices, Inc. has a fifty-two week low of $112.80 and a fifty-two week high of $227.30. The stock has a market cap of $192.89 billion, a PE ratio of 107.08, a P/E/G ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business earned $0.53 earnings per share. The business's revenue was up 17.6% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS 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.