MGO One Seven LLC Cuts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

MGO One Seven LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 29.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,701 shares of the semiconductor manufacturer’s stock after selling 7,876 shares during the period. MGO One Seven LLC’s holdings in Advanced Micro Devices were worth $2,259,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMD. KLP Kapitalforvaltning AS acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $65,897,000. Enzi Wealth acquired a new stake in Advanced Micro Devices in the 4th quarter worth approximately $569,000. Welch Group LLC boosted its stake in Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after purchasing an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC grew its position in Advanced Micro Devices by 39.5% during the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock worth $61,896,000 after purchasing an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Advanced Micro Devices by 19.8% during the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock valued at $212,943,000 after purchasing an additional 289,110 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 4.5 %

Shares of AMD stock opened at $94.47 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The stock has a market cap of $152.69 billion, a price-to-earnings ratio of 95.43, a PEG ratio of 1.11 and a beta of 1.89. The company’s 50-day moving average price is $99.07 and its 200-day moving average price is $121.42. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

AMD has been the subject of several research reports. Loop Capital began coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective for the company. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price target for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Stifel Nicolaus cut their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Mizuho decreased their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Finally, Evercore ISI cut their price target on shares of Advanced Micro Devices from $147.00 to $126.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $140.57.

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.