Adams Wealth Management Acquires 5,556 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Adams Wealth Management grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 30.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,521 shares of the semiconductor manufacturer's stock after purchasing an additional 5,556 shares during the quarter. Adams Wealth Management's holdings in Advanced Micro Devices were worth $2,841,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AMD. Norges Bank bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $2,867,193,000. Van ECK Associates Corp increased its position in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the period. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new stake in Advanced Micro Devices during the fourth quarter worth $165,952,000. Finally, APG Asset Management N.V. increased its holdings in Advanced Micro Devices by 675.9% in the 4th quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer's stock valued at $180,401,000 after buying an additional 1,347,203 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 0.9 %

Shares of AMD traded down $0.79 during midday trading on Friday, hitting $87.50. The stock had a trading volume of 34,685,670 shares, compared to its average volume of 43,130,917. The firm has a market cap of $141.42 billion, a price-to-earnings ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a 50 day simple moving average of $100.93 and a two-hundred day simple moving average of $123.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting 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, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Argus set a $160.00 target price on Advanced Micro Devices in a research report on Thursday, February 6th. Bank of America lowered their price target 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. Finally, Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.90.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

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.