EP Wealth Advisors LLC Has $7.30 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

EP Wealth Advisors LLC reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,402 shares of the semiconductor manufacturer's stock after selling 5,730 shares during the quarter. EP Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $7,296,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $65,897,000. Enzi Wealth bought a new stake in Advanced Micro Devices during the fourth quarter worth about $569,000. Welch Group LLC increased its holdings in shares of Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after buying an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC raised its stake in shares of Advanced Micro Devices by 39.5% in the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock valued at $61,896,000 after acquiring an additional 145,067 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after acquiring an additional 588,595 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 1.1 %

Shares of Advanced Micro Devices stock traded up $1.14 during trading on Friday, reaching $102.84. The stock had a trading volume of 31,640,225 shares, compared to its average volume of 42,530,947. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $166.22 billion, a price-to-earnings ratio of 103.88, a P/E/G ratio of 1.11 and a beta of 1.97. The stock has a fifty day moving average price of $97.41 and a two-hundred day moving average price of $116.65. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. The business's revenue was up 35.9% on a year-over-year basis. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMD shares. Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price objective for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Melius Research set a $110.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Wedbush reissued an "outperform" rating and set a $120.00 price target (up from $115.00) on shares of Advanced Micro Devices in a research note on Wednesday. Stifel Nicolaus set a $132.00 price objective on Advanced Micro Devices in a report on Monday, April 28th. Finally, StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average price target of $131.13.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Company 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.