Litman Gregory Wealth Management LLC Takes $214,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Litman Gregory Wealth Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,450 shares of the semiconductor manufacturer’s stock, valued at approximately $214,000.

A number of other large investors have also recently added to or reduced their stakes in AMD. Norges Bank bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $1,252,070,000. Moneta Group Investment Advisors LLC boosted its holdings in Advanced Micro Devices by 105,415.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after buying an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Advanced Micro Devices during the first quarter worth approximately $777,111,000. Northern Trust Corp boosted its holdings in 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 buying an additional 4,475,368 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after buying an additional 3,714,069 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 5.4 %

Shares of AMD traded down $8.44 during mid-day trading on Friday, hitting $146.64. 71,233,102 shares of the company’s stock were exchanged, compared to its average volume of 74,632,961. The firm has a fifty day moving average of $179.64 and a two-hundred day moving average of $148.58. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The stock has a market cap of $236.99 billion, a price-to-earnings ratio of 282.01, a P/E/G ratio of 2.35 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the business posted $0.54 EPS. Advanced Micro Devices’s quarterly revenue was up 10.2% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMD. KeyCorp raised their target price on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Barclays upped their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, TD Cowen upped their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

Insider Activity at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by insiders.

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.