Exencial Wealth Advisors LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Exencial Wealth Advisors LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 36.3% in the 4th quarter, HoldingsChannel reports. The firm owned 99,182 shares of the semiconductor manufacturer’s stock after acquiring an additional 26,430 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $11,980,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. FSA Wealth Management LLC acquired a new stake in Advanced Micro Devices during the third quarter valued at $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 1.6 %

Shares of NASDAQ AMD opened at $98.23 on Tuesday. The company has a market capitalization of $159.18 billion, a P/E ratio of 99.22, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a 50 day simple moving average of $116.41 and a 200-day simple moving average of $136.49. Advanced Micro Devices, Inc. has a 1 year low of $97.09 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of analyst reports. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Susquehanna reduced their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Melius Research reissued a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Finally, Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $155.83.

Insider Buying and Selling

In related news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

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.