14,292 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Spire Wealth Management

Spire Wealth Management purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,292 shares of the semiconductor manufacturer’s stock, valued at approximately $1,726,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Czech National Bank grew its holdings in shares of Advanced Micro Devices by 7.0% during the 3rd quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock worth $54,099,000 after purchasing an additional 21,708 shares in the last quarter. GAMMA Investing LLC boosted its stake in Advanced Micro Devices by 25.6% in the third quarter. GAMMA Investing LLC now owns 18,749 shares of the semiconductor manufacturer’s stock worth $3,076,000 after purchasing an additional 3,816 shares in the last quarter. Herbst Group LLC boosted its stake in Advanced Micro Devices by 31.3% in the third quarter. Herbst Group LLC now owns 2,103 shares of the semiconductor manufacturer’s stock worth $345,000 after purchasing an additional 501 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in Advanced Micro Devices by 4.5% in the third quarter. Azzad Asset Management Inc. ADV now owns 10,681 shares of the semiconductor manufacturer’s stock worth $1,753,000 after purchasing an additional 456 shares in the last quarter. Finally, Consilio Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 13.9% during the third quarter. Consilio Wealth Advisors LLC now owns 1,890 shares of the semiconductor manufacturer’s stock worth $310,000 after acquiring an additional 231 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. TD Cowen reduced their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price target for the company from $180.00 to $155.00 in a research report on Monday, December 9th. HSBC reissued a “reduce” rating and set a $110.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $169.77.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $114.27 on Tuesday. The firm has a market capitalization of $185.44 billion, a P/E ratio of 102.95, a PEG ratio of 1.03 and a beta of 1.66. The stock has a fifty day moving average price of $125.92 and a 200 day moving average price of $141.11. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

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.