U.S. Capital Wealth Advisors LLC Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

U.S. Capital Wealth Advisors LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 136.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,510 shares of the semiconductor manufacturer's stock after buying an additional 30,271 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $6,343,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC lifted its holdings in Advanced Micro Devices by 124.6% during 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 in the last quarter. 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 valued at $26,000 after purchasing an additional 75 shares in the last quarter. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $32,000. Finally, FSA Wealth Management LLC purchased a new position in Advanced Micro Devices during the third quarter valued at $41,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's 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 sale, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. Corporate insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AMD shares. Piper Sandler reiterated an "overweight" rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Melius downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Melius Research reaffirmed a "hold" rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Citigroup reduced their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $169.77.

Advanced Micro Devices Stock Down 2.4 %

NASDAQ AMD traded down $2.91 on Friday, hitting $115.95. 40,446,851 shares of the stock were exchanged, compared to its average volume of 35,441,836. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $112.80 and a fifty-two week high of $227.30. The company has a market cap of $188.16 billion, a PE ratio of 104.46, a PEG ratio of 1.04 and a beta of 1.66. The company has a 50-day moving average price of $125.92 and a 200-day moving average price of $141.24.

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.