GPS Wealth Strategies Group LLC Has $2.59 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GPS Wealth Strategies Group LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,413 shares of the semiconductor manufacturer's stock after selling 3,793 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in Advanced Micro Devices were worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Creative Capital Management Investments LLC lifted its position 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 valued at $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its stake in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 75 shares during the period. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $26,000. FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices in the third quarter worth $41,000. Finally, Coston McIsaac & Partners grew its holdings in shares of Advanced Micro Devices by 319.4% during the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer's stock valued at $42,000 after buying an additional 198 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMD shares. KeyCorp reduced their price objective on 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. Barclays reduced their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th. Benchmark reiterated a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Finally, Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $169.77.

Advanced Micro Devices Trading Down 2.4 %

Shares of AMD stock opened at $115.95 on Friday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $112.80 and a 1 year high of $227.30. The firm's fifty day simple moving average is $125.92 and its 200 day simple moving average is $141.24. The firm has a market capitalization of $188.16 billion, a P/E ratio of 104.46, a price-to-earnings-growth ratio of 1.04 and a beta of 1.66.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was 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. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Company 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.

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