GPS Wealth Strategies Group LLC Has $2.59 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GPS Wealth Strategies Group LLC cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,413 shares of the semiconductor manufacturer's stock after selling 3,793 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in Advanced Micro Devices were worth $2,586,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc raised its holdings in Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock worth $97,000 after purchasing an additional 60 shares in the last quarter. Wealth Effects LLC increased its holdings in shares of Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after acquiring an additional 65 shares in the last quarter. Jacobsen Capital Management increased its holdings in shares of Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock valued at $554,000 after acquiring an additional 70 shares in the last quarter. Sigma Investment Counselors Inc. increased its holdings in shares of Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock valued at $243,000 after acquiring an additional 74 shares in the last quarter. Finally, Bedell Frazier Investment Counselling LLC boosted its position in shares of Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock valued at $292,000 after buying an additional 74 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, 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 value of $10,912,919.36. Following the sale, the chief executive officer now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMD shares. KeyCorp dropped their price objective on Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday. 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 research report on Wednesday. UBS Group cut their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Wolfe Research downgraded Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Finally, Citigroup cut their price objective on Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $161.30.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $7.96 during mid-day trading on Wednesday, hitting $111.54. 98,589,623 shares of the stock were exchanged, compared to its average volume of 42,522,223. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average of $125.02 and a 200 day moving average of $140.59. The company has a market cap of $181.00 billion, a PE ratio of 100.30, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

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.