Strategic Wealth Partners Ltd. Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Strategic Wealth Partners Ltd. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 4.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,714 shares of the semiconductor manufacturer’s stock after selling 577 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Advanced Micro Devices were worth $1,281,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. MBM Wealth Consultants LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth $25,000. Cordasco Financial Network raised its stake in Advanced Micro Devices by 287.5% in the 1st quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 207 shares during the last quarter. AlphaCentric Advisors LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $32,000. Hazlett Burt & Watson Inc. purchased a new stake in Advanced Micro Devices during the 1st quarter valued at about $32,000. Finally, Sycomore Asset Management purchased a new stake in Advanced Micro Devices during the 1st quarter valued at about $32,000. 65.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on AMD. Deutsche Bank Aktiengesellschaft lifted their target price on Advanced Micro Devices from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Wells Fargo & Company reduced their target price on shares of Advanced Micro Devices from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday, August 4th. Northland Securities upped their target price on Advanced Micro Devices from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 3rd. Finally, Cowen reduced their price target on Advanced Micro Devices from $160.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.80.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $77.45 on Thursday. Advanced Micro Devices, Inc. has a fifty-two week low of $71.60 and a fifty-two week high of $164.46. The firm has a market capitalization of $125.03 billion, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 0.79 and a beta of 1.97. The stock’s fifty day moving average is $89.14 and its two-hundred day moving average is $95.02. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.44.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.94 by ($0.03). Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.52 billion. During the same quarter in the previous year, the business posted $0.58 earnings per share. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the completion of the transaction, the executive vice president now owns 37,800 shares of the company’s stock, valued at $2,910,222. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Forrest Eugene Norrod sold 824 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $99.31, for a total transaction of $81,831.44. Following the transaction, the senior vice president now owns 276,816 shares of the company’s stock, valued at approximately $27,490,596.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 32,694 shares of Advanced Micro Devices stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total value of $2,517,111.06. Following the completion of the transaction, the executive vice president now directly owns 37,800 shares of the company’s stock, valued at $2,910,222. The disclosure for this sale can be found here. Insiders have sold a total of 161,518 shares of company stock valued at $15,378,613 in the last quarter. Insiders own 1.00% of the company’s stock.

About Advanced Micro Devices

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

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