Wealthcare Advisory Partners LLC Has $2.14 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealthcare Advisory Partners LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,751 shares of the semiconductor manufacturer's stock after selling 2,214 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Advanced Micro Devices were worth $2,144,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Procyon Advisors LLC boosted its position in Advanced Micro Devices by 17.5% during the fourth quarter. Procyon Advisors LLC now owns 4,437 shares of the semiconductor manufacturer's stock worth $536,000 after purchasing an additional 660 shares during the period. Goldstone Financial Group LLC boosted its position in Advanced Micro Devices by 29.9% during the fourth quarter. Goldstone Financial Group LLC now owns 1,797 shares of the semiconductor manufacturer's stock worth $217,000 after purchasing an additional 414 shares during the period. Channel Wealth LLC bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $2,013,000. KMG Fiduciary Partners LLC boosted its position in shares of Advanced Micro Devices by 4.3% in the fourth quarter. KMG Fiduciary Partners LLC now owns 59,846 shares of the semiconductor manufacturer's stock valued at $7,229,000 after acquiring an additional 2,494 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $60,000. Institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated 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 $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % 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 worth $28,165,821 over the last 90 days. Insiders own 0.65% of the company's stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $3.02 during midday trading on Friday, reaching $121.46. The company's stock had a trading volume of 35,556,654 shares, compared to its average volume of 34,940,360. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The company has a market capitalization of $197.11 billion, a P/E ratio of 109.42, a P/E/G ratio of 1.03 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business's fifty day simple moving average is $129.94 and its 200-day simple moving average is $145.32.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. Morgan Stanley reduced their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. Wells Fargo & Company reduced 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. Cantor Fitzgerald reissued an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. UBS Group reduced their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, HSBC reissued a "reduce" rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $178.61.

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.