Circle Wealth Management LLC Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Circle Wealth Management LLC lowered its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 67.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,421 shares of the semiconductor manufacturer's stock after selling 9,201 shares during the period. Circle Wealth Management LLC's holdings in Advanced Micro Devices were worth $534,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted 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 during the last quarter. Park National Corp OH lifted its stake in shares of Advanced Micro Devices by 87.1% in the 4th quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer's stock worth $324,000 after purchasing an additional 1,249 shares during the period. Watts Gwilliam & Co. LLC increased its holdings in Advanced Micro Devices by 151.6% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 19,279 shares of the semiconductor manufacturer's stock worth $2,455,000 after acquiring an additional 11,616 shares in the last quarter. Sage Capital Advisors llc grew its holdings in Advanced Micro Devices by 1.6% during the 4th quarter. Sage Capital Advisors llc now owns 6,386 shares of the semiconductor manufacturer's stock valued at $771,000 after buying an additional 98 shares in the last quarter. Finally, Jacobs & Co. CA grew its holdings in shares of Advanced Micro Devices by 13.2% in the fourth quarter. Jacobs & Co. CA now owns 89,030 shares of the semiconductor manufacturer's stock valued at $10,753,000 after purchasing an additional 10,404 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $120.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. TD Cowen boosted their target price on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Raymond James reaffirmed an "outperform" rating and issued a $120.00 price target (down previously from $150.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Summit Insights raised shares of Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $131.13.

Advanced Micro Devices Trading Up 4.5%

NASDAQ:AMD traded up $4.82 during mid-day trading on Tuesday, hitting $112.94. 36,466,975 shares of the stock traded hands, compared to its average volume of 42,561,569. The stock has a market capitalization of $183.12 billion, a price-to-earnings ratio of 114.08, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm's 50 day moving average is $97.54 and its two-hundred day moving average is $115.80. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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

Insider Activity 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 shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.