Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 9.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,950 shares of the semiconductor manufacturer's stock after acquiring an additional 3,402 shares during the quarter. Venturi Wealth Management LLC's holdings in Advanced Micro Devices were worth $4,584,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMD. Citizens & Northern Corp boosted its stake in shares of Advanced Micro Devices by 188.3% during the fourth quarter. Citizens & Northern Corp now owns 6,036 shares of the semiconductor manufacturer's stock worth $729,000 after buying an additional 3,942 shares during the period. Empower Advisory Group LLC raised its stake in Advanced Micro Devices by 0.6% during the 4th quarter. Empower Advisory Group LLC now owns 25,706 shares of the semiconductor manufacturer's stock valued at $3,105,000 after acquiring an additional 151 shares during the last quarter. CIBC Asset Management Inc lifted its position in Advanced Micro Devices by 26.0% during the 4th quarter. CIBC Asset Management Inc now owns 638,091 shares of the semiconductor manufacturer's stock worth $77,075,000 after acquiring an additional 131,796 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Advanced Micro Devices by 10.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 1,613 shares of the semiconductor manufacturer's stock valued at $195,000 after purchasing an additional 152 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. increased its holdings in shares of Advanced Micro Devices by 553.2% in the fourth quarter. FengHe Fund Management Pte. Ltd. now owns 435,700 shares of the semiconductor manufacturer's stock valued at $52,628,000 after purchasing an additional 369,000 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. Argus raised Advanced Micro Devices to a "strong-buy" rating in a report on Thursday, February 6th. Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $158.00 to $147.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Mizuho dropped their price target on shares of Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Melius downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $158.70.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $3.33 during trading on Friday, reaching $110.84. The company had a trading volume of 41,194,513 shares, compared to its average volume of 40,816,133. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The stock has a 50-day moving average price of $118.84 and a two-hundred day moving average price of $137.94. The stock has a market capitalization of $179.61 billion, a PE ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.