Axxcess Wealth Management LLC Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Axxcess Wealth Management LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 24,845 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,310 shares during the period. Axxcess Wealth Management LLC’s holdings in Advanced Micro Devices were worth $3,662,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMD. U.S. Capital Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 4.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,267 shares of the semiconductor manufacturer’s stock worth $4,756,000 after acquiring an additional 1,418 shares in the last quarter. M&T Bank Corp boosted its holdings in Advanced Micro Devices by 3.1% in the fourth quarter. M&T Bank Corp now owns 127,363 shares of the semiconductor manufacturer’s stock valued at $18,775,000 after purchasing an additional 3,803 shares during the period. Bare Financial Services Inc acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. 9258 Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 70.4% during the 4th quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock worth $1,787,000 after purchasing an additional 5,009 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Advanced Micro Devices by 142.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 19,418 shares of the semiconductor manufacturer’s stock valued at $2,863,000 after buying an additional 11,416 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the 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 transaction, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock worth $34,637,833 in the last 90 days. 0.73% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Benchmark cut their target price on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group lowered their target price on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday. Susquehanna cut their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a report on Monday, April 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Trading Up 3.0 %

Shares of AMD stock traded up $4.44 during trading hours on Friday, hitting $150.60. 49,361,081 shares of the company were exchanged, compared to its average volume of 55,429,640. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market cap of $243.42 billion, a PE ratio of 221.47, a PEG ratio of 2.29 and a beta of 1.66. The firm has a fifty day moving average of $175.41 and a 200 day moving average of $151.81. Advanced Micro Devices, Inc. has a 1 year low of $81.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the company posted $0.43 earnings per share. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 2.59 earnings per share for the current year.

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.