Avaii Wealth Management LLC Has $777,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Avaii Wealth Management LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,269 shares of the semiconductor manufacturer’s stock after buying an additional 1,079 shares during the quarter. Avaii Wealth Management LLC’s holdings in Advanced Micro Devices were worth $777,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Peoples Bank KS bought a new position in shares of Advanced Micro Devices during the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $30,000. Finally, Addison Advisors LLC increased its position in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 over the last ninety days. Company insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Citigroup raised their price target on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price objective for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company raised their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $184.68.

Advanced Micro Devices Trading Up 1.4 %

Shares of AMD traded up $2.17 during trading hours on Monday, reaching $159.57. The stock had a trading volume of 27,158,186 shares, compared to its average volume of 72,208,383. The company has a market cap of $257.89 billion, a P/E ratio of 307.04, a P/E/G ratio of 2.39 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $177.46 and a 200 day moving average of $150.85.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

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.