Arkadios Wealth Advisors Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Arkadios Wealth Advisors grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,621 shares of the semiconductor manufacturer's stock after purchasing an additional 3,813 shares during the period. Arkadios Wealth Advisors' holdings in Advanced Micro Devices were worth $2,128,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Creative Capital Management Investments LLC increased its holdings in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC boosted its position in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 75 shares during the last quarter. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the 4th quarter worth about $26,000. Abich Financial Wealth Management LLC raised its position in Advanced Micro Devices by 101.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock worth $36,000 after buying an additional 111 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in Advanced Micro Devices during the 3rd quarter valued at about $41,000. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMD shares. Citigroup decreased their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Mizuho decreased their target price on shares of Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Cantor Fitzgerald restated an "overweight" rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley reduced their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. Finally, Piper Sandler reissued an "overweight" rating and issued a $180.00 target price (down from $200.00) 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, six have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $178.61.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 197,036 shares of company stock worth $28,165,821. Corporate insiders own 0.65% of the company's stock.

Advanced Micro Devices Trading Up 2.5 %

Shares of NASDAQ:AMD traded up $3.02 on Friday, hitting $121.46. 35,556,654 shares of the company's stock were exchanged, compared to its average volume of 34,940,360. The stock has a market capitalization of $197.11 billion, a price-to-earnings ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business's 50 day simple moving average is $129.94 and its two-hundred day simple moving average is $145.19.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Advanced Micro Devices's revenue was up 17.6% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal 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.