FWL Investment Management LLC Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

FWL Investment Management LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 67.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,307 shares of the semiconductor manufacturer’s stock after selling 2,716 shares during the quarter. FWL Investment Management LLC’s holdings in Advanced Micro Devices were worth $158,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMD. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the 4th quarter worth about $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. Summit Securities Group LLC purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $31,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $32,000. Finally, IAG Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 118 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.9 %

Shares of NASDAQ:AMD opened at $100.54 on Thursday. The business has a 50 day moving average of $97.30 and a two-hundred day moving average of $117.39. 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 12-month low of $76.48 and a 12-month high of $187.28. The company has a market capitalization of $162.50 billion, a PE ratio of 101.55, a PEG ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD) last issued 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. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm’s revenue was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction dated 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 owns 1,713,710 shares in the company, valued at $163,607,893.70. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMD. Wedbush reaffirmed an “outperform” rating and set a $120.00 target price (up from $115.00) on shares of Advanced Micro Devices in a research report on Wednesday. HSBC reaffirmed a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Robert W. Baird cut their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday. Melius Research set a $110.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Finally, Mizuho dropped their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.19.

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.