Symphony Financial Ltd. Co. Buys 4,200 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Symphony Financial Ltd. Co. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 194.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,361 shares of the semiconductor manufacturer's stock after purchasing an additional 4,200 shares during the period. Symphony Financial Ltd. Co.'s holdings in Advanced Micro Devices were worth $783,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Creative Capital Management Investments LLC grew its holdings 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 buying an additional 86 shares during the period. ZRC Wealth Management LLC lifted its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $32,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter worth about $41,000. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Wells Fargo & Company decreased their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Roth Mkm reissued a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Citigroup cut their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Loop Capital initiated coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a "buy" rating and a $175.00 target price for the company. Finally, 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 report on Tuesday, January 14th. Two equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $169.77.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $2.91 during trading hours on Friday, hitting $115.95. The company had a trading volume of 40,446,851 shares, compared to its average volume of 35,441,836. The firm has a market cap of $188.16 billion, a price-to-earnings ratio of 104.46, a PEG ratio of 1.04 and a beta of 1.66. 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 business has a fifty day moving average of $125.92 and a 200-day moving average of $141.24. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. 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 in the last three months. 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.