Elite Wealth Management Inc. Sells 1,315 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Elite Wealth Management Inc. trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,862 shares of the semiconductor manufacturer’s stock after selling 1,315 shares during the period. Advanced Micro Devices makes up about 0.6% of Elite Wealth Management Inc.’s holdings, making the stock its 7th biggest holding. Elite Wealth Management Inc.’s holdings in Advanced Micro Devices were worth $10,446,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Castleview Partners LLC grew its stake in Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 90 shares during the period. Peoples Bank KS acquired a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices during the 3rd quarter worth $27,000. Founders Capital Management increased its holdings in Advanced Micro Devices by 104.2% in the 4th quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock valued at $43,000 after purchasing an additional 150 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 109 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Bank of America boosted their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Truist Financial upped their price target on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Mizuho lifted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $185.15.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $6.15 during trading on Wednesday, reaching $157.31. 29,401,672 shares of the company’s stock traded hands, compared to its average volume of 74,298,695. The stock has a market capitalization of $254.23 billion, a P/E ratio of 309.33, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The company has a 50 day moving average of $180.78 and a 200-day moving average of $148.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion during 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%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the firm’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 value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. 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 three months. 0.65% of the stock is owned by insiders.

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.