Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.7% during the 4th quarter, Holdings Channel reports. The firm owned 8,998 shares of the semiconductor manufacturer’s stock after selling 2,063 shares during the period. Westwood Holdings Group Inc.’s holdings in Advanced Micro Devices were worth $1,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $31,000. Finally, IAG Wealth Partners LLC lifted its stake in Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AMD shares. Wells Fargo & Company reduced their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Argus set a $160.00 target price on Advanced Micro Devices in a report on Thursday, February 6th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Piper Sandler reissued an “overweight” rating and set a $125.00 target price (down previously from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Evercore ISI decreased their target price on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating for the company in a research note on Thursday, April 17th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $132.58.

Insiders Place Their Bets

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 stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 1.1%

AMD opened at $113.51 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The business has a 50 day moving average price of $99.52 and a two-hundred day moving average price of $114.51. 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 cap of $184.05 billion, a PE ratio of 114.66, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly 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 business had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has authorized a share buyback program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.