TCW Group Inc. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 77.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,937 shares of the semiconductor manufacturer's stock after selling 86,408 shares during the period. TCW Group Inc.'s holdings in Advanced Micro Devices were worth $2,562,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Greenline Partners LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC raised its stake in shares of Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. raised its stake in shares of Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer's stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Institutional investors own 71.34% of the company's stock.
Wall Street Analyst Weigh In
AMD has been the subject of several research analyst reports. Citigroup lifted their price target on shares of Advanced Micro Devices from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Friday, July 18th. HSBC raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $200.00 price target for the company in a research note on Thursday, July 10th. Evercore ISI set a $144.00 price target on shares of Advanced Micro Devices and gave the company an "outperform" rating in a research note on Friday, June 13th. Piper Sandler set a $270.00 price objective on shares of Advanced Micro Devices and gave the company an "overweight" rating in a report on Thursday, July 10th. Finally, Wells Fargo & Company lifted their price objective on shares of Advanced Micro Devices from $120.00 to $185.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $156.61.
View Our Latest Report on AMD
Insider Transactions at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 17,998 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.
Advanced Micro Devices Trading Up 4.3%
NASDAQ:AMD opened at $173.66 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $174.70. The firm has a fifty day simple moving average of $133.42 and a 200-day simple moving average of $114.81. The company has a current ratio of 2.80, a quick ratio of 1.97 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $281.57 billion, a P/E ratio of 127.69, a PEG ratio of 2.20 and a beta of 2.05.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period in the previous year, the firm posted $0.62 earnings per share. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Advanced Micro Devices declared that its board has initiated a share repurchase plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.
About Advanced Micro Devices
(
Free Report)
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.
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