WCG Wealth Advisors LLC Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

WCG Wealth Advisors LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,881 shares of the semiconductor manufacturer’s stock after selling 6,693 shares during the period. WCG Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $1,797,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMD. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the fourth quarter worth about $25,000. Greenline Partners LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC purchased a new position in Advanced Micro Devices in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on AMD shares. Evercore ISI decreased their target price on Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating for the company in a research report on Thursday, April 17th. TD Cowen lifted their price objective on Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Loop Capital cut their target price on shares of Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.58.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were 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 directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Trading Down 0.4%

Shares of AMD opened at $110.31 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a market capitalization of $178.86 billion, a P/E ratio of 111.43, a P/E/G ratio of 1.11 and a beta of 1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm’s 50 day simple moving average is $100.00 and its 200 day simple moving average is $114.07.

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 analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices declared that its board has approved a stock buyback plan on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

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.