Angeles Wealth Management LLC Has $682,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Angeles Wealth Management LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,203 shares of the semiconductor manufacturer’s stock after selling 184 shares during the quarter. Angeles Wealth Management LLC’s holdings in Advanced Micro Devices were worth $682,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Precision Wealth Strategies LLC raised its position in shares of Advanced Micro Devices by 4.0% in the 4th quarter. Precision Wealth Strategies LLC now owns 4,060 shares of the semiconductor manufacturer’s stock valued at $598,000 after buying an additional 155 shares in the last quarter. Concentrum Wealth Management increased its stake in Advanced Micro Devices by 6.6% in the fourth quarter. Concentrum Wealth Management now owns 38,157 shares of the semiconductor manufacturer’s stock valued at $5,625,000 after acquiring an additional 2,354 shares during the last quarter. 9258 Wealth Management LLC raised its position in Advanced Micro Devices by 70.4% during the fourth quarter. 9258 Wealth Management LLC now owns 12,122 shares of the semiconductor manufacturer’s stock valued at $1,787,000 after purchasing an additional 5,009 shares in the last quarter. Advisor OS LLC lifted its stake in Advanced Micro Devices by 102.0% during the fourth quarter. Advisor OS LLC now owns 4,045 shares of the semiconductor manufacturer’s stock worth $596,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 19.2% in the 4th quarter. Moran Wealth Management LLC now owns 8,625 shares of the semiconductor manufacturer’s stock valued at $1,271,000 after purchasing an additional 1,388 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 3.4 %

AMD opened at $142.84 on Wednesday. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a fifty day moving average of $150.49 and a 200-day moving average of $162.32. The stock has a market cap of $231.18 billion, a PE ratio of 210.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

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

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Edward Jones assumed coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Morgan Stanley raised their price target on shares of 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. TD Cowen reaffirmed a “buy” rating and set a $210.00 price target on shares of Advanced Micro Devices in a report on Monday, August 19th. Finally, BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $193.45.

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.