4WEALTH Advisors Inc. Decreases Stake in Advanced Micro Devices, Inc. $AMD

4WEALTH Advisors Inc. cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 38.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,157 shares of the semiconductor manufacturer’s stock after selling 1,320 shares during the quarter. 4WEALTH Advisors Inc.’s holdings in Advanced Micro Devices were worth $423,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Sarver Vrooman Wealth Advisors purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $27,000. Cornerstone Financial Management LLC purchased a new stake in Advanced Micro Devices in the 4th quarter valued at $27,000. Basepoint Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $30,000. Finally, Delos Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 100.0% in the 3rd quarter. Delos Wealth Advisors LLC now owns 200 shares of the semiconductor manufacturer’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company’s stock, valued at $45,504,306. The trade was a 9.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the sale, the executive vice president owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This trade represents a 0.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 378,032 shares of company stock valued at $161,876,596. Insiders own 0.50% of the company’s stock.

Trending Headlines about Advanced Micro Devices

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Advanced Micro Devices Stock Down 4.3%

NASDAQ:AMD opened at $517.82 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $133.50 and a 52 week high of $584.73. The stock’s fifty day moving average is $466.47 and its two-hundred day moving average is $305.82. The stock has a market capitalization of $844.36 billion, a price-to-earnings ratio of 169.78, a price-to-earnings-growth ratio of 1.59 and a beta of 2.47. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 6.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMD shares. Mizuho boosted their price target on shares of Advanced Micro Devices from $515.00 to $615.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Benchmark raised their price objective on shares of Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Oppenheimer lowered shares of Advanced Micro Devices from a “market perform” rating to a “market perform” rating in a report on Wednesday, May 6th. Roth Mkm restated a “buy” rating and set a $500.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 6th. Finally, Barclays lowered shares of Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $448.78.

Get Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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