B. Riley Wealth Advisors Inc. Has $6.22 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

B. Riley Wealth Advisors Inc. reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,463 shares of the semiconductor manufacturer's stock after selling 9,298 shares during the quarter. B. Riley Wealth Advisors Inc.'s holdings in Advanced Micro Devices were worth $6,216,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brick & Kyle Associates raised its holdings in Advanced Micro Devices by 6.1% during the 4th quarter. Brick & Kyle Associates now owns 49,546 shares of the semiconductor manufacturer's stock worth $5,985,000 after buying an additional 2,841 shares during the period. Shufro Rose & Co. LLC raised its holdings in shares of Advanced Micro Devices by 31.3% during the fourth quarter. Shufro Rose & Co. LLC now owns 2,100 shares of the semiconductor manufacturer's stock valued at $254,000 after acquiring an additional 500 shares during the period. Integrated Advisors Network LLC raised its stake in Advanced Micro Devices by 0.9% during the 4th quarter. Integrated Advisors Network LLC now owns 22,009 shares of the semiconductor manufacturer's stock valued at $2,658,000 after purchasing an additional 186 shares during the period. Chokshi & Queen Wealth Advisors Inc acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $302,000. Finally, Garde Capital Inc. raised its stake in Advanced Micro Devices by 26.1% during the 4th quarter. Garde Capital Inc. now owns 919 shares of the semiconductor manufacturer's stock valued at $111,000 after purchasing an additional 190 shares during the period. Institutional investors own 71.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMD. Stifel Nicolaus set a $132.00 target price on shares of Advanced Micro Devices in a research note on Monday, April 28th. Wedbush reissued an "outperform" rating and set a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Robert W. Baird dropped their target price on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Bank of America upped their target price on Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, May 14th. Finally, DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 target price on the stock in a report on Thursday, May 8th. Fifteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $132.58.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $1.70 during trading on Wednesday, hitting $112.86. 26,958,375 shares of the stock were exchanged, compared to its average volume of 42,214,872. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company's fifty day simple moving average is $100.23 and its 200-day simple moving average is $113.35. The company has a market capitalization of $182.99 billion, a price-to-earnings ratio of 114.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. The business's revenue was up 35.9% compared to the same quarter last year. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices declared that its board has approved a share buyback plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

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.