Strategic Wealth Partners Ltd. Sells 319 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Strategic Wealth Partners Ltd. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,152 shares of the semiconductor manufacturer’s stock after selling 319 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Advanced Micro Devices were worth $3,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Regal Investment Advisors LLC raised its stake in Advanced Micro Devices by 8.5% during the 4th quarter. Regal Investment Advisors LLC now owns 8,759 shares of the semiconductor manufacturer’s stock valued at $1,291,000 after purchasing an additional 685 shares during the period. Cresset Asset Management LLC raised its stake in Advanced Micro Devices by 3.9% during the 4th quarter. Cresset Asset Management LLC now owns 122,567 shares of the semiconductor manufacturer’s stock valued at $18,068,000 after purchasing an additional 4,627 shares during the period. Visionary Wealth Advisors raised its stake in Advanced Micro Devices by 7.9% during the 4th quarter. Visionary Wealth Advisors now owns 8,182 shares of the semiconductor manufacturer’s stock valued at $1,206,000 after purchasing an additional 597 shares during the period. MGO One Seven LLC raised its stake in Advanced Micro Devices by 24.8% during the 4th quarter. MGO One Seven LLC now owns 22,198 shares of the semiconductor manufacturer’s stock valued at $3,272,000 after purchasing an additional 4,416 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $375,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $172.80 on Wednesday. The business has a fifty day moving average of $148.78 and a 200 day moving average of $157.70. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The stock has a market cap of $279.30 billion, a P/E ratio of 254.12, a PEG ratio of 2.14 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup raised their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Finally, Susquehanna restated a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $193.45.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

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.