Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Decreased by Insight Wealth Strategies LLC

Insight Wealth Strategies LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 34.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,166 shares of the semiconductor manufacturer’s stock after selling 4,731 shares during the quarter. Insight Wealth Strategies LLC’s holdings in Advanced Micro Devices were worth $1,654,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Vanguard Group Inc. grew its position in Advanced Micro Devices by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after purchasing an additional 2,390,558 shares in the last quarter. Fisher Asset Management LLC raised its position in Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after buying an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD raised its position in Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after buying an additional 2,553,392 shares during the period. Jennison Associates LLC boosted its position in Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after acquiring an additional 1,490,997 shares during the period. Finally, Norges Bank purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $3,426,529,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Susquehanna increased their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “positive” rating in a research report on Monday, June 10th. UBS Group dropped their price target on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Jefferies Financial Group started coverage on Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 target price on the stock. Cantor Fitzgerald dropped their target price on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 1st. Finally, Piper Sandler reissued an “overweight” rating and issued a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a 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 price target of $190.83.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $154.63 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock’s fifty day simple moving average is $158.93 and its 200 day simple moving average is $163.38. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The firm has a market cap of $249.93 billion, a price-to-earnings ratio of 227.40, a P/E/G ratio of 1.83 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.