United Asset Strategies Inc. Purchases 419 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

United Asset Strategies Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,209 shares of the semiconductor manufacturer’s stock after acquiring an additional 419 shares during the period. United Asset Strategies Inc.’s holdings in Advanced Micro Devices were worth $388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. waypoint wealth counsel increased its holdings in shares of Advanced Micro Devices by 7.4% in the fourth quarter. waypoint wealth counsel now owns 1,810 shares of the semiconductor manufacturer’s stock valued at $219,000 after purchasing an additional 125 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $34,366,000. Apexium Financial LP raised its position in shares of Advanced Micro Devices by 7.8% during the fourth quarter. Apexium Financial LP now owns 8,895 shares of the semiconductor manufacturer’s stock worth $1,074,000 after acquiring an additional 645 shares during the last quarter. Blue Trust Inc. raised its position in shares of Advanced Micro Devices by 28.4% during the fourth quarter. Blue Trust Inc. now owns 18,372 shares of the semiconductor manufacturer’s stock worth $2,219,000 after acquiring an additional 4,068 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Advanced Micro Devices by 4.4% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 32,387 shares of the semiconductor manufacturer’s stock valued at $3,912,000 after acquiring an additional 1,356 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $115.05 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30. The company’s fifty day simple moving average is $128.12 and its 200-day simple moving average is $143.21. The firm has a market cap of $186.71 billion, a PE ratio of 103.65, a P/E/G ratio of 1.09 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AMD. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. KeyCorp reduced their price target on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the company from $175.00 to $129.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $176.33.

Advanced Micro Devices Company 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.