Fiduciary Alliance LLC Acquires 5,487 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fiduciary Alliance LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 264.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,558 shares of the semiconductor manufacturer's stock after buying an additional 5,487 shares during the quarter. Fiduciary Alliance LLC's holdings in Advanced Micro Devices were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc grew its holdings in Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock worth $97,000 after acquiring an additional 60 shares during the period. Wealth Effects LLC lifted its position 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 valued at $1,545,000 after acquiring an additional 65 shares in the last quarter. Jacobsen Capital Management boosted its stake in shares of Advanced Micro Devices by 2.1% during the 3rd 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. grew its stake in Advanced Micro Devices by 5.3% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock worth $243,000 after acquiring an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC increased its stake in Advanced Micro Devices by 4.3% in the third 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 hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD stock traded down $1.23 during trading on Tuesday, hitting $116.09. The company had a trading volume of 36,875,400 shares, compared to its average volume of 42,551,422. The firm has a market capitalization of $188.39 billion, a price-to-earnings ratio of 104.59, a P/E/G ratio of 1.88 and a beta of 1.66. 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 business has a 50 day moving average of $132.11 and a 200 day moving average of $146.27. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30.

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, meeting 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 business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The company's revenue was up 17.6% on a year-over-year basis. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday. They issued a "buy" rating and a $175.00 price target on the stock. Roth Mkm reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Wells Fargo & Company lowered their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating for the company in a report on Monday. Benchmark reiterated a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Finally, The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and lowered their target price for the company from $175.00 to $129.00 in a research note on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $179.68.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

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.