Wealth Alliance Sells 348 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealth Alliance reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,935 shares of the semiconductor manufacturer’s stock after selling 348 shares during the period. Wealth Alliance’s holdings in Advanced Micro Devices were worth $476,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Tradewinds Capital Management LLC increased its stake in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the last quarter. Semmax Financial Advisors Inc. raised its stake in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares during the period. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $27,000. Valued Wealth Advisors LLC boosted its stake in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 70 shares during the period. Finally, Morton Brown Family Wealth LLC increased its holdings in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Up 5.7 %

Shares of Advanced Micro Devices stock opened at $156.74 on Friday. The firm’s 50 day moving average is $147.28 and its 200 day moving average is $161.01. The firm has a market capitalization of $253.34 billion, a PE ratio of 230.50, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the firm posted $0.40 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on AMD. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Cantor Fitzgerald reduced their target price on shares of Advanced Micro Devices from $200.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Citigroup increased their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Bank of America cut their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Truist Financial decreased their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

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.