Mattern Wealth Management LLC Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mattern Wealth Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,196 shares of the semiconductor manufacturer’s stock after purchasing an additional 159 shares during the period. Mattern Wealth Management LLC’s holdings in Advanced Micro Devices were worth $265,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Creative Capital Management Investments LLC grew its position in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares in the last quarter. ZRC Wealth Management LLC grew its holdings in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the 4th quarter worth $26,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. Finally, FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth about $41,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 6.3 %

NASDAQ AMD opened at $115.05 on Tuesday. The company has a market capitalization of $186.71 billion, a P/E ratio of 103.65, a PEG ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company’s 50 day simple moving average is $128.12 and its 200 day simple moving average is $143.21.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting 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 return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Evercore ISI upped their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Finally, Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.64.

Read Our Latest Research Report on AMD

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’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 in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last quarter. 0.73% of the stock is owned by company insiders.

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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