Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lowered by WD Rutherford LLC

WD Rutherford LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 33,316 shares of the semiconductor manufacturer’s stock after selling 4,252 shares during the quarter. Advanced Micro Devices accounts for about 3.1% of WD Rutherford LLC’s investment portfolio, making the stock its 3rd largest holding. WD Rutherford LLC’s holdings in Advanced Micro Devices were worth $6,013,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Mather Group LLC. increased its holdings in Advanced Micro Devices by 21.0% during the 3rd quarter. Mather Group LLC. now owns 9,887 shares of the semiconductor manufacturer’s stock worth $1,017,000 after acquiring an additional 1,717 shares during the period. Valley National Advisers Inc. increased its holdings in Advanced Micro Devices by 30.0% during the 3rd quarter. Valley National Advisers Inc. now owns 958 shares of the semiconductor manufacturer’s stock worth $99,000 after acquiring an additional 221 shares during the period. Bamco Inc. NY increased its holdings in Advanced Micro Devices by 0.4% during the 3rd quarter. Bamco Inc. NY now owns 208,910 shares of the semiconductor manufacturer’s stock worth $21,480,000 after acquiring an additional 792 shares during the period. Morningstar Investment Services LLC bought a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $214,000. Finally, CWA Asset Management Group LLC increased its holdings in Advanced Micro Devices by 17.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 5,663 shares of the semiconductor manufacturer’s stock worth $582,000 after acquiring an additional 858 shares during the period. 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 news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through this link. Insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho decreased their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Roth Mkm decreased their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Evercore ISI decreased their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Morgan Stanley lowered shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock. in a report on Monday, June 10th. Finally, TD Cowen increased their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.83.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $2.74 during trading hours on Friday, reaching $162.21. The company had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. The business has a fifty day moving average price of $159.12 and a 200-day moving average price of $164.86. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The firm has a market cap of $262.18 billion, a PE ratio of 238.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

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.