Mather Group LLC. Sells 3,054 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mather Group LLC. lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,348 shares of the semiconductor manufacturer’s stock after selling 3,054 shares during the period. Mather Group LLC.’s holdings in Advanced Micro Devices were worth $1,862,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMD. Tradewinds Capital Management LLC raised its position in shares of Advanced Micro Devices by 102.9% during the first 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 period. Semmax Financial Advisors Inc. lifted 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 in the last quarter. ZRC Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares during the period. Fairway Wealth LLC bought a new stake in shares of Advanced Micro Devices during the second quarter worth $27,000. Finally, Valued Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 70.7% during the first 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. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Up 1.1 %

Shares of AMD opened at $172.80 on Wednesday. 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, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The firm’s 50 day moving average is $148.78 and its 200-day moving average is $157.70. The stock has a market capitalization of $279.30 billion, a PE ratio of 254.12, a P/E/G ratio of 2.14 and a beta of 1.70.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on AMD shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Monday. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. KeyCorp reduced their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 9th. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $193.45.

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.