LifePlan Financial LLC Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

LifePlan Financial LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% during the third quarter, HoldingsChannel.com reports. The firm owned 2,870 shares of the semiconductor manufacturer’s stock after selling 152 shares during the period. LifePlan Financial LLC’s holdings in Advanced Micro Devices were worth $471,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC boosted its stake in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares during the last quarter. Morton Brown Family Wealth LLC raised its stake in shares of Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $28,000. Finally, Semmax Financial Advisors Inc. grew its stake in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 1.9 %

AMD opened at $162.85 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The company has a market capitalization of $263.22 billion, a PE ratio of 239.49, a P/E/G ratio of 2.14 and a beta of 1.69. The stock’s fifty day moving average is $147.54 and its 200-day moving average is $158.21. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly 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 company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.40 EPS. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research analyst reports. Cantor Fitzgerald reduced their target price on Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Barclays reduced their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Citigroup raised their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $193.45.

About Advanced Micro Devices

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.