Diversify Wealth Management LLC Acquires 10,331 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Diversify Wealth Management LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,860 shares of the semiconductor manufacturer's stock after purchasing an additional 10,331 shares during the period. Diversify Wealth Management LLC's holdings in Advanced Micro Devices were worth $3,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Mandatum Life Insurance Co Ltd raised its position in Advanced Micro Devices by 1,223.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 28,239 shares of the semiconductor manufacturer's stock valued at $3,411,000 after purchasing an additional 26,105 shares in the last quarter. Grove Bank & Trust raised its holdings in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Grove Bank & Trust now owns 6,189 shares of the semiconductor manufacturer's stock valued at $748,000 after buying an additional 161 shares in the last quarter. Brady Martz Wealth Solutions LLC bought a new stake in Advanced Micro Devices in the 4th quarter worth approximately $482,000. Ballast Inc. boosted its stake in Advanced Micro Devices by 3.4% in the fourth quarter. Ballast Inc. now owns 8,666 shares of the semiconductor manufacturer's stock worth $1,047,000 after buying an additional 287 shares in the last quarter. Finally, Liberty One Investment Management LLC boosted its stake in Advanced Micro Devices by 17.1% in the fourth quarter. Liberty One Investment Management LLC now owns 7,363 shares of the semiconductor manufacturer's stock worth $889,000 after buying an additional 1,074 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMD. Loop Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price objective for the company. Roth Mkm reissued a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Bank of America downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. Finally, Hsbc Global Res cut shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $178.61.

Advanced Micro Devices Stock Up 2.5 %

Advanced Micro Devices stock traded up $3.02 during trading hours 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 stock's 50-day moving average price is $129.94 and its 200-day moving average price is $145.06. The stock has a market capitalization of $197.11 billion, a P/E 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 quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

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 for the quarter, hitting 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 during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the business earned $0.53 EPS. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company's stock, 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. Over the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.73% 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.