EP Wealth Advisors LLC trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ: AMD – Get Rating) by 0.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,994 shares of the semiconductor manufacturer’s stock after selling 119 shares during the period. EP Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $ 3,021,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Wagner Wealth Management LLC grew its position in shares of Advanced Micro Devices by 35.9% in the 3rd quarter. Wagner Wealth Management LLC now owns 284 shares of the semiconductor manufacturer’s stock worth $ 34,000 after buying an additional 75 shares during the last quarter. WealthPLAN Partners LLC grew its position in shares of Advanced Micro Devices by 4.1% in the 3rd quarter. WealthPLAN Partners LLC now owns 1,948 shares of the semiconductor manufacturer’s stock worth $ 282,000 after buying an additional 77 shares during the last quarter. Flaharty Asset Management LLC grew its position in shares of Advanced Micro Devices by 3.7% in the 4th quarter. Flaharty Asset Management LLC now owns 2,462 shares of the semiconductor manufacturer’s stock worth $ 354,000 after buying an additional 87 shares during the last quarter. Hollencrest Capital Management grew its position in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Hollencrest Capital Management now owns 4,770 shares of the semiconductor manufacturer’s stock worth $ 687,000 after buying an additional 89 shares during the last quarter. Finally, MV Capital Management Inc. grew its position in shares of Advanced Micro Devices by 13.1% in the 4th quarter. MV Capital Management Inc. now owns 779 shares of the semiconductor manufacturer’s stock worth $ 112,000 after buying an additional 90 shares during the last quarter. 69.61% of the stock is currently owned by institutional investors.
In other Advanced Micro Devices news, CFO Devinder Kumar sold 28,966 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $ 100.00, for a total transaction of $ 2,896,600.00. Following the completion of the sale, the chief financial officer now owns 524,370 shares of the company stock, valued at $ 52,437,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 20,180 shares of the business’s stock in a transaction dated Wednesday, March 30th. The shares were sold at an average price of $ 125.00, for a total value of $ 2,522,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,146 shares of company stock valued at $ 8,560,700. 1.00% of the stock is owned by company insiders.
Advanced Micro Devices stock opened at $ 89.30 on Thursday. The stock has a market cap of $ 144.71 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 0.72 and a beta of 1.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.96 and a current ratio of 2.40. Advanced Micro Devices, Inc. has a one year low of $ 78.96 and a one year high of $ 164.46. The stock has a fifty day moving average of $ 94.95 and a 200 day moving average of $ 115.04.
Advanced Micro Devices (NASDAQ: AMD – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $ 1.13 EPS for the quarter, beating analysts’ consensus estimates of $ 0.91 by $ 0.22. The company had revenue of $ 5.89 billion during the quarter, compared to analysts’ expectations of $ 5.57 billion. Advanced Micro Devices had a return on equity of 20.66% and a net margin of 17.98%. Advanced Micro Devices’s revenue for the quarter was up 70.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $ 0.47 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 4.01 EPS for the current fiscal year.
Several equities research analysts recently weighed in on AMD shares. Susquehanna dropped their price target on Advanced Micro Devices from $ 160.00 to $ 140.00 in a research report on Wednesday, May 4th. Benchmark lifted their price target on Advanced Micro Devices from $ 125.00 to $ 135.00 and gave the company a “buy” rating in a research report on Friday, June 10th. Wells Fargo & Company dropped their price target on Advanced Micro Devices from $ 180.00 to $ 140.00 and set an “overweight” rating on the stock in a research report on Friday, April 22nd. Piper Sandler upgraded Advanced Micro Devices from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $ 98.00 to $ 140.00 in a research report on Tuesday, May 17th. Finally, Barclays lowered Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $ 148.00 to $ 115.00 in a research report on Thursday, March 31st. Eleven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $ 141.15.
Advanced Micro Devices Company Profile: (Get Rating)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
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