Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Raised by Meridian Wealth Advisors LLC

Meridian Wealth Advisors LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 176.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 23,951 shares of the semiconductor manufacturer’s stock after buying an additional 15,298 shares during the period. Meridian Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $3,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AMD. Peoples Bank KS acquired a new position in Advanced Micro Devices during the 3rd quarter worth $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at $27,000. Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Finally, Gables Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $153.08 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a market capitalization of $247.43 billion, a PE ratio of 225.91, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The business has a 50 day simple moving average of $174.53 and a 200 day simple moving average of $153.23.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 in the last 90 days. 0.65% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMD has been the subject of several research analyst reports. UBS Group cut their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. The Goldman Sachs Group boosted their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research report on Wednesday, January 31st. Susquehanna cut their target price on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Finally, KeyCorp dropped their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.94.

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.