Advanced Micro Devices, Inc. $AMD Shares Sold by Whitaker Myers Wealth Managers LTD.

Key Points

• Whitaker Myers reduced its stake in Advanced Micro Devices by 91.0% in Q4, selling 13,188 shares and leaving 1,308 shares valued at $280,000.
• Company insiders sold a total of 242,685 shares worth about $50.8 million in the last quarter — including senior exec sales — leaving insiders with roughly 0.50% ownership.
• AMD beat quarterly estimates (EPS $1.53 vs. $1.32; revenue $10.27B vs. $9.65B, +34.1% YoY) and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $290.19.

Whitaker Myers Wealth Managers LTD. lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 91.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,308 shares of the semiconductor manufacturer's stock after selling 13,188 shares during the period. Whitaker Myers Wealth Managers LTD.'s holdings in Advanced Micro Devices were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Alpha Omega Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 1.3% in the 4th quarter. Alpha Omega Wealth Management LLC now owns 5,040 shares of the semiconductor manufacturer's stock valued at $1,079,000 after buying an additional 63 shares during the period. Kingsman Wealth Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $496,000. Willis Johnson & Associates Inc. lifted its holdings in shares of Advanced Micro Devices by 1.9% in the 4th quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer's stock worth $493,000 after acquiring an additional 44 shares during the last quarter. Yoder Wealth Management Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $239,000. Finally, Trilogy Capital Inc. lifted its holdings in shares of Advanced Micro Devices by 1.1% in the 4th quarter. Trilogy Capital Inc. now owns 21,507 shares of the semiconductor manufacturer's stock worth $4,606,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of research reports. Erste Group Bank upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Thursday, April 2nd. Wells Fargo & Company restated an "overweight" rating and issued a $345.00 price objective on shares of Advanced Micro Devices in a report on Friday, January 30th. Phillip Securities raised shares of Advanced Micro Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Sunday, February 8th. KeyCorp reaffirmed an "overweight" rating and issued a $330.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Advanced Micro Devices in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $290.19.

Insider Activity at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,442 shares of Advanced Micro Devices stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the completion of the sale, the senior vice president directly owned 16,359 shares in the company, valued at $3,834,876.78. The trade was a 12.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the sale, the executive vice president owned 289,098 shares of the company's stock, valued at approximately $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 242,685 shares of company stock valued at $50,757,308 in the last quarter. 0.50% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Up 2.1%

Shares of NASDAQ AMD opened at $236.64 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $385.80 billion, a price-to-earnings ratio of 89.30, a price-to-earnings-growth ratio of 0.86 and a beta of 1.96. The firm has a 50-day moving average price of $207.90 and a 200 day moving average price of $216.40. Advanced Micro Devices, Inc. has a 52 week low of $83.75 and a 52 week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.21. The company had revenue of $10.27 billion during the quarter, compared to analysts' expectations of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm's quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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