WCG Wealth Advisors LLC Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

WCG Wealth Advisors LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 31.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,881 shares of the semiconductor manufacturer's stock after selling 6,693 shares during the quarter. WCG Wealth Advisors LLC's holdings in Advanced Micro Devices were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $65,897,000. Enzi Wealth bought a new position in Advanced Micro Devices during the 4th quarter valued at approximately $569,000. Welch Group LLC lifted its holdings in Advanced Micro Devices by 6.3% in the 4th 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 during the period. Stonegate Investment Group LLC grew its position in shares of Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after buying an additional 145,067 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction 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 $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 0.4%

Shares of Advanced Micro Devices stock traded down $0.40 on Friday, reaching $110.31. The company's stock had a trading volume of 30,813,460 shares, compared to its average volume of 42,293,149. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm's fifty day simple moving average is $100.00 and its two-hundred day simple moving average is $113.61. 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 company has a market capitalization of $178.86 billion, a price-to-earnings ratio of 111.43, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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 return on equity of 7.42% and a net margin of 6.36%. The company had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the company earned $0.62 EPS. Advanced Micro Devices's revenue for the quarter was up 35.9% on a year-over-year basis. Equities 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 authorized a share repurchase plan on Wednesday, May 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

AMD has been the subject of a number of recent analyst reports. Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their target price for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. Loop Capital cut their price objective on Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Susquehanna lowered their target price on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Finally, UBS Group dropped their price target on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

Advanced Micro Devices 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.