Tcwp LLC Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tcwp LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,840 shares of the semiconductor manufacturer’s stock after selling 227 shares during the quarter. Tcwp LLC’s holdings in Advanced Micro Devices were worth $298,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Summit Trail Advisors LLC increased its holdings in Advanced Micro Devices by 16.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 20,079 shares of the semiconductor manufacturer’s stock valued at $3,257,000 after purchasing an additional 2,815 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Advanced Micro Devices by 12.9% in the second quarter. Thrivent Financial for Lutherans now owns 1,463,056 shares of the semiconductor manufacturer’s stock valued at $237,322,000 after purchasing an additional 166,933 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Advanced Micro Devices by 4.3% during the second quarter. Pacer Advisors Inc. now owns 233,490 shares of the semiconductor manufacturer’s stock worth $37,874,000 after acquiring an additional 9,528 shares during the period. Skandinaviska Enskilda Banken AB publ raised its position in Advanced Micro Devices by 1.3% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 1,676,180 shares of the semiconductor manufacturer’s stock valued at $271,893,000 after purchasing an additional 21,908 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 30.7% in the 2nd quarter. AE Wealth Management LLC now owns 198,157 shares of the semiconductor manufacturer’s stock valued at $32,143,000 after buying an additional 46,595 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. KeyCorp cut their target price on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. Finally, Morgan Stanley upped their price objective on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $193.45.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $155.95 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a market cap of $252.06 billion, a price-to-earnings ratio of 229.34, a PEG ratio of 2.04 and a beta of 1.69. The firm has a 50 day moving average of $146.77 and a 200-day moving average of $160.66. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Advanced Micro Devices 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.