Cornerstone Wealth Group LLC Sells 21,896 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cornerstone Wealth Group LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 81.6% in the 4th quarter, HoldingsChannel reports. The firm owned 4,938 shares of the semiconductor manufacturer’s stock after selling 21,896 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Advanced Micro Devices were worth $596,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Christopher J. Hasenberg Inc lifted its holdings in Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after buying an additional 60 shares during the period. Wealth Effects LLC lifted its stake in shares of Advanced Micro Devices by 0.7% in the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock valued at $1,545,000 after purchasing an additional 65 shares during the period. Jacobsen Capital Management boosted its position in shares of Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after purchasing an additional 70 shares in the last quarter. Sigma Investment Counselors Inc. grew its stake in Advanced Micro Devices by 5.3% in the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after purchasing an additional 74 shares during the period. Finally, Bedell Frazier Investment Counselling LLC raised its holdings in Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMD. Barclays reduced their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. TD Cowen dropped their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, UBS Group dropped their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.33.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 in the last 90 days. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 6.3 %

Advanced Micro Devices stock opened at $115.05 on Tuesday. The business has a 50-day simple moving average of $128.12 and a two-hundred day simple moving average of $143.21. Advanced Micro Devices, Inc. has a 52-week low of $112.80 and a 52-week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a market cap of $186.71 billion, a P/E ratio of 103.65, a P/E/G ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current 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.