Winch Advisory Services LLC Has $31,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Winch Advisory Services LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 287.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 391 shares of the semiconductor manufacturer’s stock after purchasing an additional 290 shares during the quarter. Winch Advisory Services LLC’s holdings in Advanced Micro Devices were worth $31,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Hartford Financial Management Inc. lifted its stake in shares of Advanced Micro Devices by 250.0% in the 1st quarter. Hartford Financial Management Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 250 shares during the period. McCarthy Asset Management Inc. bought a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $28,000. Tsfg LLC increased its stake in Advanced Micro Devices by 65.8% in the fourth quarter. Tsfg LLC now owns 315 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 125 shares during the last quarter. Oder Investment Management LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $32,000. 67.01% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Forrest Eugene Norrod sold 81,500 shares of the company’s stock in a transaction dated Tuesday, March 16th. The shares were sold at an average price of $84.02, for a total transaction of $6,847,630.00. Following the transaction, the senior vice president now owns 377,260 shares in the company, valued at $31,697,385.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Rick Bergman sold 2,000 shares of the company’s stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $81.97, for a total transaction of $163,940.00. Following the transaction, the executive vice president now owns 69,891 shares in the company, valued at approximately $5,728,965.27. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 280,727 shares of company stock valued at $23,028,286. 1.20% of the stock is owned by insiders.

NASDAQ:AMD traded down $2.06 during trading hours on Wednesday, hitting $74.77. 883,288 shares of the stock traded hands, compared to its average volume of 45,703,949. The company has a quick ratio of 1.74, a current ratio of 2.28 and a debt-to-equity ratio of 0.10. Advanced Micro Devices, Inc. has a 1 year low of $48.42 and a 1 year high of $99.23. The company has a market cap of $90.85 billion, a price-to-earnings ratio of 103.82, a price-to-earnings-growth ratio of 1.14 and a beta of 2.29. The stock has a 50 day moving average price of $80.42 and a 200 day moving average price of $85.71.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Monday, April 26th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.08. Advanced Micro Devices had a net margin of 10.17% and a return on equity of 33.04%. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the business posted $0.18 earnings per share. Advanced Micro Devices’s quarterly revenue was up 92.9% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 1.01 earnings per share for the current fiscal year.

A number of analysts have weighed in on AMD shares. Truist lifted their price target on shares of Advanced Micro Devices from $96.00 to $101.00 in a report on Wednesday, January 27th. Mizuho lifted their price target on shares of Advanced Micro Devices from $105.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, May 4th. Piper Sandler boosted their target price on shares of Advanced Micro Devices from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, January 13th. Wedbush boosted their target price on shares of Advanced Micro Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Tuesday, January 12th. Finally, Summit Insights lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Wednesday, April 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $96.63.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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