Good Life Advisors LLC Has $1.02 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Good Life Advisors LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,925 shares of the semiconductor manufacturer’s stock after selling 1,502 shares during the quarter. Good Life Advisors LLC’s holdings in Advanced Micro Devices were worth $1,021,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMD. Fairfield Bush & CO. bought a new position in shares of Advanced Micro Devices in the first quarter valued at about $836,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after buying an additional 791,710 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 34.9% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after purchasing an additional 692 shares during the last quarter. Raymond James Trust N.A. raised its holdings in Advanced Micro Devices by 104.8% during the 1st quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock worth $870,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in Advanced Micro Devices by 217.2% during the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after purchasing an additional 272,557 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent research reports. Susquehanna boosted their price objective on Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “positive” rating in a report on Monday, January 29th. Citigroup upped their price target on Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. KeyCorp upped their price target on Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock valued at $59,919,994 over the last ninety days. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD stock traded up $0.90 during trading hours on Thursday, hitting $180.49. 57,021,648 shares of the stock were exchanged, compared to its average volume of 77,964,414. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $291.70 billion, a P/E ratio of 349.16, a P/E/G ratio of 2.67 and a beta of 1.66. The company has a 50-day simple moving average of $180.63 and a two-hundred day simple moving average of $140.69. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current fiscal year.

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.