Scissortail Wealth Management LLC Invests $1.68 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Scissortail Wealth Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,382 shares of the semiconductor manufacturer’s stock, valued at approximately $1,678,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. Avior Wealth Management LLC increased its position in Advanced Micro Devices by 1.0% in the 4th quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock valued at $1,169,000 after acquiring an additional 77 shares during the period. Retirement Planning Group LLC boosted its holdings in Advanced Micro Devices by 2.2% in the 4th quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock valued at $542,000 after purchasing an additional 79 shares in the last quarter. Optas LLC boosted its holdings in Advanced Micro Devices by 1.7% in the 4th quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock valued at $726,000 after purchasing an additional 80 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in Advanced Micro Devices by 5.2% in the 4th quarter. Financial Management Professionals Inc. now owns 1,629 shares of the semiconductor manufacturer’s stock valued at $240,000 after purchasing an additional 81 shares in the last quarter. Finally, Prentice Wealth Management LLC boosted its holdings in Advanced Micro Devices by 2.2% in the 4th quarter. Prentice Wealth Management LLC now owns 3,876 shares of the semiconductor manufacturer’s stock valued at $571,000 after purchasing an additional 83 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 2.0 %

AMD traded up $3.14 during trading on Tuesday, hitting $163.46. The company’s stock had a trading volume of 55,074,690 shares, compared to its average volume of 74,962,547. The stock has a market cap of $264.17 billion, a PE ratio of 313.95, a PEG ratio of 2.49 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The firm’s 50 day moving average price is $180.87 and its 200-day moving average price is $147.77. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s revenue for the quarter 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 expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

AMD has been the topic of a number of analyst reports. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a report on Wednesday, January 31st. DZ Bank reissued a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Susquehanna reissued a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, April 4th. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. Finally, Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research note on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $185.15.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock worth $59,919,994 in the last ninety days. Insiders own 0.65% of the company’s stock.

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.