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

Western Wealth Management LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 93.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,030 shares of the semiconductor manufacturer's stock after selling 27,146 shares during the quarter. Western Wealth Management LLC's holdings in Advanced Micro Devices were worth $245,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. TFG Advisers LLC grew its stake in shares of Advanced Micro Devices by 2.0% during the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock valued at $573,000 after acquiring an additional 92 shares in the last quarter. BSW Wealth Partners grew its stake in shares of Advanced Micro Devices by 1.1% during the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock valued at $1,068,000 after acquiring an additional 94 shares in the last quarter. DMC Group LLC grew its stake in shares of Advanced Micro Devices by 0.8% during the fourth quarter. DMC Group LLC now owns 11,738 shares of the semiconductor manufacturer's stock valued at $1,418,000 after acquiring an additional 95 shares in the last quarter. Global Wealth Management Investment Advisory Inc. grew its stake in shares of Advanced Micro Devices by 4.4% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 2,304 shares of the semiconductor manufacturer's stock valued at $278,000 after acquiring an additional 97 shares in the last quarter. Finally, L.M. Kohn & Company grew its stake in shares of Advanced Micro Devices by 1.4% during the fourth quarter. L.M. Kohn & Company now owns 6,973 shares of the semiconductor manufacturer's stock valued at $842,000 after acquiring an additional 97 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on 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 owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.06% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

AMD opened at $110.31 on Friday. The business's 50 day moving average is $100.00 and its 200-day moving average is $113.86. The stock has a market cap of $178.86 billion, a PE ratio of 111.43, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results 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 firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.10 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. On average, analysts predict 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 stock repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMD shares. KeyCorp downgraded Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Bank of America raised their target price on Advanced Micro Devices from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. Sanford C. Bernstein lowered their target price on Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Rosenblatt Securities restated a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. Finally, Dbs Bank downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. One 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 assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $132.58.

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.

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