Thrive Wealth Management LLC Has $241,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Thrive Wealth Management LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,466 shares of the semiconductor manufacturer’s stock after selling 107 shares during the quarter. Thrive Wealth Management LLC’s holdings in Advanced Micro Devices were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in AMD. 1832 Asset Management L.P. raised its holdings in shares of Advanced Micro Devices by 0.5% in the fourth quarter. 1832 Asset Management L.P. now owns 80,366 shares of the semiconductor manufacturer’s stock valued at $11,847,000 after buying an additional 424 shares during the last quarter. Exencial Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 4.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 7,472 shares of the semiconductor manufacturer’s stock valued at $1,101,000 after buying an additional 292 shares during the period. Stephens Inc. AR boosted its holdings in Advanced Micro Devices by 23.3% during the fourth quarter. Stephens Inc. AR now owns 30,096 shares of the semiconductor manufacturer’s stock worth $4,436,000 after buying an additional 5,685 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Advanced Micro Devices by 3.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 875,981 shares of the semiconductor manufacturer’s stock valued at $129,128,000 after purchasing an additional 30,534 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its stake in Advanced Micro Devices by 261.3% during the 4th quarter. Morningstar Investment Services LLC now owns 7,536 shares of the semiconductor manufacturer’s stock worth $1,121,000 after buying an additional 5,450 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMD. Susquehanna reiterated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup lifted their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Edward Jones assumed coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating for the company. TD Cowen raised Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Barclays cut their price target on shares of Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Stock Up 4.9 %

NASDAQ:AMD traded up $8.05 during mid-day trading on Friday, reaching $170.90. The company’s stock had a trading volume of 44,640,296 shares, compared to its average volume of 58,411,141. The firm has a market capitalization of $276.23 billion, a PE ratio of 251.32, a price-to-earnings-growth ratio of 2.14 and a beta of 1.70. The stock has a fifty day moving average of $148.16 and a 200-day moving average of $158.07. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.40 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

About Advanced Micro Devices

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.