Opes Wealth Management LLC Purchases 114 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Opes Wealth Management LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,775 shares of the semiconductor manufacturer’s stock after purchasing an additional 114 shares during the quarter. Opes Wealth Management LLC’s holdings in Advanced Micro Devices were worth $409,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Advanced Micro Devices by 0.8% during the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock worth $14,400,437,000 after acquiring an additional 1,153,611 shares during the last quarter. State Street Corp grew its stake in shares of Advanced Micro Devices by 1.7% during the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after acquiring an additional 1,112,077 shares during the last quarter. Norges Bank purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $1,252,070,000. Northern Trust Corp grew its stake in shares of Advanced Micro Devices by 35.5% during the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after acquiring an additional 4,475,368 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Advanced Micro Devices by 38.5% during the second quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock worth $1,015,677,000 after acquiring an additional 2,479,272 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research note on Monday, January 8th. KeyCorp upped their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their target price for the company from $180.00 to $225.00 in a research report on Tuesday. Barclays upped their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Finally, TD Cowen upped their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $1.06 during trading hours on Thursday, hitting $155.08. 52,621,231 shares of the company’s stock were exchanged, compared to its average volume of 74,677,984. The firm has a 50 day moving average of $180.44 and a two-hundred day moving average of $148.23. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The firm has a market cap of $250.63 billion, a P/E ratio of 299.77, a P/E/G ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting 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 firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insider Activity at Advanced Micro Devices

In related news, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,143 shares of company stock valued at $62,580,844. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Profile

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.