Western Wealth Management LLC Has $3.03 Million Stake in Advanced Micro Devices, Inc. $AMD

Western Wealth Management LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,145 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,885 shares during the quarter. Western Wealth Management LLC’s holdings in Advanced Micro Devices were worth $3,029,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after purchasing an additional 2,525,109 shares during the last quarter. State Street Corp raised its position in Advanced Micro Devices by 2.4% during the 3rd quarter. State Street Corp now owns 73,824,441 shares of the semiconductor manufacturer’s stock worth $11,944,056,000 after purchasing an additional 1,755,182 shares during the last quarter. Amundi raised its position in Advanced Micro Devices by 17.5% during the 3rd quarter. Amundi now owns 13,486,227 shares of the semiconductor manufacturer’s stock worth $2,181,937,000 after purchasing an additional 2,012,865 shares during the last quarter. Invesco Ltd. raised its position in Advanced Micro Devices by 6.5% during the 3rd quarter. Invesco Ltd. now owns 13,348,413 shares of the semiconductor manufacturer’s stock worth $2,159,640,000 after purchasing an additional 813,844 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Advanced Micro Devices by 1.7% during the 3rd quarter. Legal & General Group Plc now owns 11,579,113 shares of the semiconductor manufacturer’s stock worth $1,873,385,000 after purchasing an additional 191,590 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 85,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the sale, the chief executive officer directly owned 3,146,006 shares of the company’s stock, valued at $625,331,612.62. The trade was a 2.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the sale, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 184,598 shares of company stock valued at $49,955,566. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Northland Securities reaffirmed a “market perform” rating and set a $260.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 27th. Weiss Ratings raised Advanced Micro Devices from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Roth Mkm reaffirmed a “buy” rating and set a $500.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Rosenblatt Securities raised their target price on Advanced Micro Devices from $300.00 to $490.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, Benchmark raised their target price on Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $396.95.

Get Our Latest Stock Analysis on AMD

Advanced Micro Devices News Summary

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Advanced Micro Devices Stock Performance

AMD stock opened at $449.70 on Friday. The stock has a 50-day moving average price of $269.05 and a 200-day moving average price of $239.23. Advanced Micro Devices, Inc. has a 1-year low of $107.67 and a 1-year high of $469.21. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The firm has a market cap of $733.28 billion, a PE ratio of 147.44, a price-to-earnings-growth ratio of 1.33 and a beta of 2.40.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same period last year, the company posted $0.96 EPS. The business’s quarterly revenue was up 37.8% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 6.17 earnings per share for the current year.

About Advanced Micro Devices

(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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