Prosperity Financial Group Inc. Has $1.01 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prosperity Financial Group Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 58.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,348 shares of the semiconductor manufacturer's stock after buying an additional 3,077 shares during the quarter. Prosperity Financial Group Inc.'s holdings in Advanced Micro Devices were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cascade Financial Partners LLC grew its position in Advanced Micro Devices by 28.5% in the 4th quarter. Cascade Financial Partners LLC now owns 6,494 shares of the semiconductor manufacturer's stock worth $784,000 after purchasing an additional 1,440 shares during the last quarter. Natural Investments LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth $559,000. Avantax Planning Partners Inc. grew its position in Advanced Micro Devices by 24.2% in the 4th quarter. Avantax Planning Partners Inc. now owns 9,375 shares of the semiconductor manufacturer's stock worth $1,132,000 after purchasing an additional 1,827 shares during the last quarter. Gables Capital Management Inc. grew its position in Advanced Micro Devices by 13.5% in the 4th quarter. Gables Capital Management Inc. now owns 3,530 shares of the semiconductor manufacturer's stock worth $426,000 after purchasing an additional 420 shares during the last quarter. Finally, Miller Financial Services LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth $883,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 0.1 %

Shares of NASDAQ:AMD opened at $96.76 on Wednesday. The stock has a market cap of $156.80 billion, a price-to-earnings ratio of 97.74, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a 50 day moving average of $113.39 and a 200-day moving average of $134.17. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $202.85.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AMD shares. DZ Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a research report on Friday, February 7th. Melius Research reaffirmed a "hold" rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Wedbush reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $155.83.

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.

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