Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Decreased by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC reduced its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 79.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,775 shares of the semiconductor manufacturer's stock after selling 14,485 shares during the quarter. Castle Rock Wealth Management LLC's holdings in Advanced Micro Devices were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AMD. Probity Advisors Inc. grew its stake in Advanced Micro Devices by 14.7% during the fourth quarter. Probity Advisors Inc. now owns 7,720 shares of the semiconductor manufacturer's stock worth $932,000 after buying an additional 992 shares during the period. Audent Global Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 240.3% during the 4th quarter. Audent Global Asset Management LLC now owns 35,992 shares of the semiconductor manufacturer's stock valued at $4,347,000 after acquiring an additional 25,414 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth $52,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Advanced Micro Devices during the 4th quarter worth $186,718,000. Finally, Brooklyn FI LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $3,239,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the topic of a number of recent research reports. Stifel Nicolaus set a $132.00 price objective on Advanced Micro Devices in a research note on Monday, April 28th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. Jefferies Financial Group cut Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price target for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Piper Sandler reaffirmed an "overweight" rating and issued a $125.00 price objective (down previously from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Benchmark reissued a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Fifteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $0.17 during trading on Thursday, hitting $113.03. 30,469,636 shares of the company traded hands, compared to its average volume of 42,073,328. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The business's fifty day moving average is $100.36 and its 200-day moving average is $113.35. The stock has a market capitalization of $183.27 billion, a price-to-earnings ratio of 114.17, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS 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 period in the prior year, the business earned $0.62 EPS. The firm's revenue was up 35.9% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has initiated a stock buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.06% of the company's stock.

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.