Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Trimmed by MGO One Seven LLC

MGO One Seven LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 29.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,701 shares of the semiconductor manufacturer's stock after selling 7,876 shares during the period. MGO One Seven LLC's holdings in Advanced Micro Devices were worth $2,259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $65,897,000. Enzi Wealth bought a new stake in Advanced Micro Devices in the 4th quarter worth approximately $569,000. Welch Group LLC boosted its stake in shares of 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 last quarter. Stonegate Investment Group LLC grew its holdings in shares of Advanced Micro Devices by 39.5% in the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after acquiring an additional 145,067 shares during the period. Finally, Nordea Investment Management AB increased its position in Advanced Micro Devices by 19.8% during the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock valued at $212,943,000 after acquiring an additional 289,110 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded up $0.47 on Tuesday, hitting $96.86. The company's stock had a trading volume of 7,301,080 shares, compared to its average volume of 42,626,712. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a market capitalization of $156.56 billion, a price-to-earnings ratio of 97.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The stock has a 50 day moving average of $98.35 and a 200-day moving average of $119.75.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity

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 shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Citigroup reaffirmed a "buy" rating on shares of Advanced Micro Devices in a research note on Wednesday, April 16th. Wedbush decreased their price objective on Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Finally, Mizuho lowered their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.57.

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.