Advanced Micro Devices, Inc. $AMD Shares Sold by Palacios Wealth Management LLC

Palacios Wealth Management LLC lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 14.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,138 shares of the semiconductor manufacturer’s stock after selling 1,876 shares during the quarter. Advanced Micro Devices comprises about 1.8% of Palacios Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. Palacios Wealth Management LLC’s holdings in Advanced Micro Devices were worth $2,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. West Michigan Advisors LLC raised its position in Advanced Micro Devices by 55.5% during the fourth quarter. West Michigan Advisors LLC now owns 4,048 shares of the semiconductor manufacturer’s stock worth $867,000 after acquiring an additional 1,445 shares during the last quarter. Confluence Wealth Services Inc. raised its position in Advanced Micro Devices by 9.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 2,394 shares of the semiconductor manufacturer’s stock worth $513,000 after acquiring an additional 202 shares during the last quarter. HB Wealth Management LLC raised its position in Advanced Micro Devices by 8.4% during the fourth quarter. HB Wealth Management LLC now owns 64,893 shares of the semiconductor manufacturer’s stock worth $13,897,000 after acquiring an additional 5,035 shares during the last quarter. G&S Capital LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth about $2,597,000. Finally, United Asset Strategies Inc. grew its holdings in shares of Advanced Micro Devices by 1.1% during the fourth quarter. United Asset Strategies Inc. now owns 13,241 shares of the semiconductor manufacturer’s stock worth $2,836,000 after buying an additional 146 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $303.46 on Thursday. Advanced Micro Devices, Inc. has a one year low of $90.12 and a one year high of $304.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. The company has a 50 day moving average price of $217.01 and a 200 day moving average price of $223.51. The firm has a market capitalization of $494.74 billion, a price-to-earnings ratio of 114.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, topping the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The firm had revenue of $10.27 billion during the quarter, compared to analyst estimates of $9.65 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 34.1% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 5.78 EPS for the current year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Analyst Ratings Changes

A number of brokerages have recently commented on AMD. UBS Group set a $310.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $230.00 price target on shares of Advanced Micro Devices in a report on Monday, March 16th. Wedbush reiterated an “outperform” rating and set a $290.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 4th. KeyCorp reiterated an “overweight” rating and set a $330.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 24th. Finally, Evercore reiterated an “outperform” rating and set a $358.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $292.14.

Check Out Our Latest Report on Advanced Micro Devices

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 27,109 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $275.00, for a total value of $7,454,975.00. Following the completion of the sale, the executive vice president owned 1,267,357 shares of the company’s stock, valued at $348,523,175. This represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 7,500 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the completion of the sale, the executive vice president directly owned 129,598 shares of the company’s stock, valued at $26,550,742.26. The trade was a 5.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 273,352 shares of company stock worth $59,173,070 over the last three months. 0.50% of the stock is currently owned by insiders.

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

See Also

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

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