Western Wealth Management LLC Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Western Wealth Management LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 26.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,008 shares of the semiconductor manufacturer's stock after selling 7,714 shares during the quarter. Western Wealth Management LLC's holdings in Advanced Micro Devices were worth $2,158,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Main Street Financial Solutions LLC grew its stake in shares of Advanced Micro Devices by 3.9% during the fourth quarter. Main Street Financial Solutions LLC now owns 2,598 shares of the semiconductor manufacturer's stock valued at $314,000 after buying an additional 98 shares during the last quarter. BCM Advisors LLC boosted its holdings in Advanced Micro Devices by 0.9% during the 4th quarter. BCM Advisors LLC now owns 12,197 shares of the semiconductor manufacturer's stock valued at $1,366,000 after acquiring an additional 103 shares during the period. Plancorp LLC grew its position in Advanced Micro Devices by 2.2% in the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock valued at $620,000 after acquiring an additional 112 shares during the last quarter. Simmons Bank increased its stake in Advanced Micro Devices by 5.4% in the fourth quarter. Simmons Bank now owns 2,198 shares of the semiconductor manufacturer's stock worth $265,000 after purchasing an additional 113 shares during the period. Finally, Jaffetilchin Investment Partners LLC lifted its position in shares of Advanced Micro Devices by 1.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 7,922 shares of the semiconductor manufacturer's stock worth $957,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president owned 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 1.3%

Shares of Advanced Micro Devices stock traded down $1.91 during trading on Monday, reaching $141.90. The company's stock had a trading volume of 42,803,447 shares, compared to its average volume of 42,183,544. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a 50-day simple moving average of $114.18 and a two-hundred day simple moving average of $111.05. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The company has a market cap of $230.08 billion, a price-to-earnings ratio of 104.34, a P/E/G ratio of 1.86 and a beta of 1.99.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a return on equity of 8.30% and a net margin of 8.03%. The business had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. During the same quarter last year, the company earned $0.62 earnings per share. The company's quarterly revenue was up 35.9% on a year-over-year basis. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices announced that its board has approved a stock buyback program on Wednesday, May 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor manufacturer to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. Loop Capital cut their price target on shares of Advanced Micro Devices from $175.00 to $140.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Dbs Bank cut shares of Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research report on Monday, June 9th. Rosenblatt Securities reiterated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Finally, Robert W. Baird dropped their price objective on Advanced Micro Devices from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $138.19.

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.