Beaumont Financial Advisors LLC Acquires 87 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Beaumont Financial Advisors LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,839 shares of the semiconductor manufacturer’s stock after acquiring an additional 87 shares during the period. Beaumont Financial Advisors LLC’s holdings in Advanced Micro Devices were worth $713,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Washburn Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $231,000. Independence Bank of Kentucky raised its position in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares during the period. Meridian Wealth Management LLC lifted its stake in Advanced Micro Devices by 135.6% in the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after purchasing an additional 118,090 shares during the last quarter. Gendell Jeffrey L purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $3,085,000. Finally, Sara Bay Financial bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $315,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Bank of America increased their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. increased their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a research report on Wednesday, January 24th. UBS Group boosted their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Finally, The Goldman Sachs Group raised their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $185.59.

Advanced Micro Devices Price Performance

AMD stock opened at $146.64 on Friday. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The firm has a 50-day moving average of $179.64 and a two-hundred day moving average of $148.58. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $236.99 billion, a PE ratio of 282.01, a P/E/G ratio of 2.36 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 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 business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter last year, the firm posted $0.54 earnings per share. Advanced Micro Devices’s revenue was up 10.2% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Over the last three months, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by company insiders.

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.