NewEdge Wealth LLC Sells 562 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

NewEdge Wealth LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,678 shares of the semiconductor manufacturer’s stock after selling 562 shares during the quarter. NewEdge Wealth LLC’s holdings in Advanced Micro Devices were worth $542,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMD. Retirement Planning Group LLC raised its stake in Advanced Micro Devices by 2.2% during the 4th quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock valued at $542,000 after buying an additional 79 shares during the last quarter. Optas LLC increased its position in Advanced Micro Devices by 1.7% during the fourth quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock valued at $726,000 after acquiring an additional 80 shares during the last quarter. Financial Management Professionals Inc. lifted its holdings in Advanced Micro Devices by 5.2% in the fourth quarter. Financial Management Professionals Inc. now owns 1,629 shares of the semiconductor manufacturer’s stock valued at $240,000 after acquiring an additional 81 shares during the period. Prentice Wealth Management LLC lifted its holdings in Advanced Micro Devices by 2.2% in the fourth quarter. Prentice Wealth Management LLC now owns 3,876 shares of the semiconductor manufacturer’s stock valued at $571,000 after acquiring an additional 83 shares during the period. Finally, Kure Advisory LLC boosted its position in Advanced Micro Devices by 4.2% in the fourth quarter. Kure Advisory LLC now owns 2,201 shares of the semiconductor manufacturer’s stock worth $324,000 after purchasing an additional 89 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock valued at $59,919,994 in the last quarter. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 2.0 %

Shares of AMD opened at $163.46 on Wednesday. The stock has a market capitalization of $264.17 billion, a PE ratio of 314.35, a P/E/G ratio of 2.49 and a beta of 1.64. The company’s fifty day moving average is $180.78 and its 200 day moving average is $148.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced 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 firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a research note on Monday, March 4th. Mizuho increased their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Roth Mkm upped their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Truist Financial lifted their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.15.

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.