Modera Wealth Management LLC Purchases 460 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Modera Wealth Management LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,218 shares of the semiconductor manufacturer’s stock after acquiring an additional 460 shares during the period. Modera Wealth Management LLC’s holdings in Advanced Micro Devices were worth $510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $29,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $32,000. Finally, Compass Financial Services Inc bought a new stake in Advanced Micro Devices in the fourth quarter worth about $39,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 2.6 %

AMD opened at $100.75 on Wednesday. The company has a fifty day moving average price of $115.90 and a 200-day moving average price of $136.16. The firm has a market capitalization of $163.26 billion, a P/E ratio of 101.77, a price-to-earnings-growth 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. Advanced Micro Devices, Inc. has a one year low of $95.89 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 net margin of 6.36% and a return on equity of 7.42%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Barclays reduced their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Susquehanna lowered their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, Benchmark reissued a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

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.