Merit Financial Group LLC Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Merit Financial Group LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,228 shares of the semiconductor manufacturer's stock after purchasing an additional 6,637 shares during the quarter. Merit Financial Group LLC's holdings in Advanced Micro Devices were worth $3,772,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC increased its stake in Advanced Micro Devices by 124.6% in 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 period. ZRC Wealth Management LLC increased its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 75 shares during the period. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $26,000. Abich Financial Wealth Management LLC lifted its position in Advanced Micro Devices by 101.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer's stock worth $36,000 after acquiring an additional 111 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, 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 value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 over the last ninety days. Corporate insiders own 0.65% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMD. Bank of America downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $180.00 to $155.00 in a report on Monday, December 9th. HSBC restated a "reduce" rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Roth Mkm reissued a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Finally, Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $178.61.

Advanced Micro Devices Trading Up 2.5 %

Shares of AMD stock traded up $3.02 on Friday, reaching $121.46. 35,556,654 shares of the stock were exchanged, compared to its average volume of 34,940,360. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock has a market cap 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. The firm has a 50 day moving average of $129.94 and a two-hundred day moving average of $145.19. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30.

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

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.