Diversify Advisory Services LLC Raises Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Diversify Advisory Services LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 50.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,177 shares of the semiconductor manufacturer's stock after acquiring an additional 58,748 shares during the quarter. Advanced Micro Devices comprises about 1.1% of Diversify Advisory Services LLC's investment portfolio, making the stock its 17th biggest holding. Diversify Advisory Services LLC's holdings in Advanced Micro Devices were worth $20,212,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC boosted its holdings in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth $26,000. Abich Financial Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 101.8% during the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $41,000. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 over the last quarter. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $3.02 during mid-day trading on Monday, hitting $121.46. The stock had a trading volume of 35,556,654 shares, compared to its average volume of 34,940,360. 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's 50 day moving average is $129.94 and its 200 day moving average is $145.06. The firm has a market capitalization of $197.11 billion, a P/E ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a one year low of $114.41 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results 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 firm had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter last year, the business posted $0.53 earnings per share. The firm's revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on AMD. Roth Mkm reissued a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Tuesday, January 14th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, January 10th. Hsbc Global Res downgraded Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Finally, KeyCorp reduced their price target on shares of Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $178.61.

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.