FWG Holdings LLC Takes Position in Advanced Micro Devices, Inc. $AMD

FWG Holdings LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,350 shares of the semiconductor manufacturer’s stock, valued at approximately $192,000.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Wise Wealth Partners bought a new position in shares of Advanced Micro Devices in the 2nd quarter worth about $343,000. Waterfront Wealth Inc. bought a new position in Advanced Micro Devices in the second quarter worth about $1,145,000. Parisi Gray Wealth Management acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $343,000. Davis Investment Partners LLC bought a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $736,000. Finally, REAP Financial Group LLC raised its position in shares of Advanced Micro Devices by 16.9% during the 2nd quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer’s stock worth $170,000 after purchasing an additional 173 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $250.05 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The firm’s 50 day moving average is $194.76 and its 200-day moving average is $156.06. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08. The stock has a market capitalization of $405.79 billion, a P/E ratio of 143.71, a P/E/G ratio of 2.42 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMD shares. Cantor Fitzgerald restated an “overweight” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Wolfe Research set a $300.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Melius Research set a $300.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 6th. Finally, TD Cowen boosted their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $249.82.

Insider Transactions at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares of the company’s stock, valued at $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is currently owned by insiders.

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.