Primoris Wealth Advisors LLC Has $4.01 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Primoris Wealth Advisors LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1,650.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,205 shares of the semiconductor manufacturer's stock after acquiring an additional 31,308 shares during the quarter. Advanced Micro Devices comprises about 3.1% of Primoris Wealth Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Primoris Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $4,011,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMD. Segment Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 0.5% during the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after buying an additional 87 shares during the last quarter. Breakwater Capital Group lifted its holdings in shares of Advanced Micro Devices by 5.2% during the fourth quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock valued at $213,000 after purchasing an additional 88 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in Advanced Micro Devices by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after buying an additional 91 shares in the last quarter. TFG Advisers LLC raised its position in Advanced Micro Devices by 2.0% in the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after buying an additional 92 shares during the last quarter. Finally, BSW Wealth Partners grew its stake in shares of Advanced Micro Devices by 1.1% in the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock worth $1,068,000 after acquiring an additional 94 shares during the period. Institutional investors own 71.34% of the company's stock.

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Advanced Micro Devices Trading Up 0.8 %

AMD traded up $0.79 on Tuesday, reaching $95.29. 26,101,434 shares of the company traded hands, compared to its average volume of 43,306,782. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $154.02 billion, a P/E ratio of 96.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm has a fifty day simple moving average of $102.25 and a two-hundred day simple moving average of $124.83. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AMD shares. StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Bank of America lowered their target price on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Melius Research reaffirmed a "hold" rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $148.76.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

About Advanced Micro Devices

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.