Institute for Wealth Management LLC. Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Institute for Wealth Management LLC. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,372 shares of the semiconductor manufacturer’s stock after selling 529 shares during the period. Advanced Micro Devices accounts for approximately 0.7% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 22nd biggest holding. Institute for Wealth Management LLC.’s holdings in Advanced Micro Devices were worth $4,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the third quarter worth approximately $27,000. Castleview Partners LLC increased its position in Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 90 shares during the period. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Finally, Raleigh Capital Management Inc. increased its position in Advanced Micro Devices by 54.8% during the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target on the stock in a research report on Wednesday, January 24th. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Monday, January 8th. TD Cowen lifted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $225.00 in a research note on Tuesday. Finally, DZ Bank reiterated a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 over the last three months. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

AMD traded down $8.67 during trading on Friday, reaching $146.41. 59,558,325 shares of the stock were exchanged, compared to its average volume of 74,443,422. The business’s 50 day moving average price is $180.16 and its two-hundred day moving average price is $148.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company has a market capitalization of $236.62 billion, a price-to-earnings ratio of 291.97, a P/E/G ratio of 2.35 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the previous year, the business earned $0.54 earnings per share. Advanced Micro Devices’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Advanced Micro Devices Profile

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.