Wealth Alliance Advisory Group LLC Buys 3,014 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealth Alliance Advisory Group LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 42.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,034 shares of the semiconductor manufacturer's stock after buying an additional 3,014 shares during the period. Wealth Alliance Advisory Group LLC's holdings in Advanced Micro Devices were worth $1,212,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc increased its position in shares of Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock valued at $97,000 after acquiring an additional 60 shares during the period. Wealth Effects LLC grew its stake in shares of Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock worth $1,545,000 after purchasing an additional 65 shares during the last quarter. Jacobsen Capital Management grew its stake in shares of Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock worth $554,000 after purchasing an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. increased its holdings in Advanced Micro Devices by 5.3% during the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock valued at $243,000 after purchasing an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC raised its position in Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after purchasing an additional 74 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

AMD traded up $3.02 on Friday, hitting $121.46. 35,556,654 shares of the company's stock traded hands, compared to its average volume of 34,940,360. Advanced Micro Devices, Inc. has a one year low of $114.41 and a one year high of $227.30. 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 firm has a market cap of $197.11 billion, a price-to-earnings ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. The company's 50 day simple moving average is $129.94 and its 200-day simple moving average is $145.19.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced 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 net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the firm posted $0.53 EPS. Advanced Micro Devices's revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays decreased their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a report on Friday. Wolfe Research lowered shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday. Benchmark reiterated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Citigroup lowered their target price on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, Morgan Stanley reduced their price target on 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 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $178.61.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm'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 completion of the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The stock was 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 in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 over the last quarter. Insiders own 0.65% 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.