Beta Wealth Group Inc. Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Beta Wealth Group Inc. lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the semiconductor manufacturer’s stock after buying an additional 800 shares during the quarter. Beta Wealth Group Inc.’s holdings in Advanced Micro Devices were worth $737,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AMD. GAM Holding AG increased its stake in shares of Advanced Micro Devices by 35.5% during the fourth quarter. GAM Holding AG now owns 43,024 shares of the semiconductor manufacturer’s stock valued at $5,197,000 after buying an additional 11,273 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 9.8% during the 4th quarter. Venturi Wealth Management LLC now owns 37,950 shares of the semiconductor manufacturer’s stock worth $4,584,000 after acquiring an additional 3,402 shares during the last quarter. Citizens & Northern Corp raised its position in shares of Advanced Micro Devices by 188.3% during the 4th quarter. Citizens & Northern Corp now owns 6,036 shares of the semiconductor manufacturer’s stock valued at $729,000 after purchasing an additional 3,942 shares during the period. Empower Advisory Group LLC grew its stake in Advanced Micro Devices by 0.6% during the fourth quarter. Empower Advisory Group LLC now owns 25,706 shares of the semiconductor manufacturer’s stock valued at $3,105,000 after acquiring an additional 151 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in Advanced Micro Devices by 26.0% during the fourth quarter. CIBC Asset Management Inc now owns 638,091 shares of the semiconductor manufacturer’s stock valued at $77,075,000 after purchasing an additional 131,796 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMD. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Melius Research reaffirmed a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus dropped their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Stock Up 1.2 %

Shares of NASDAQ:AMD opened at $113.10 on Tuesday. The company has a market capitalization of $183.28 billion, a P/E ratio of 114.24, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The stock’s fifty day simple moving average is $120.43 and its 200-day simple moving average is $138.70.

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, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate 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.