Lwmg LLC Reduces Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Lwmg LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,878 shares of the semiconductor manufacturer’s stock after selling 608 shares during the period. Advanced Micro Devices makes up 0.3% of Lwmg LLC’s investment portfolio, making the stock its 28th biggest holding. Lwmg LLC’s holdings in Advanced Micro Devices were worth $1,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 1832 Asset Management L.P. grew its stake in Advanced Micro Devices by 0.5% during the fourth quarter. 1832 Asset Management L.P. now owns 80,366 shares of the semiconductor manufacturer’s stock valued at $11,847,000 after acquiring an additional 424 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in Advanced Micro Devices by 4.1% during the fourth quarter. Exencial Wealth Advisors LLC now owns 7,472 shares of the semiconductor manufacturer’s stock worth $1,101,000 after buying an additional 292 shares in the last quarter. Stephens Inc. AR increased its stake in Advanced Micro Devices by 23.3% in the 4th quarter. Stephens Inc. AR now owns 30,096 shares of the semiconductor manufacturer’s stock worth $4,436,000 after acquiring an additional 5,685 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Advanced Micro Devices by 3.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 875,981 shares of the semiconductor manufacturer’s stock valued at $129,128,000 after acquiring an additional 30,534 shares in the last quarter. Finally, Morningstar Investment Services LLC boosted its position in shares of Advanced Micro Devices by 261.3% during the 4th quarter. Morningstar Investment Services LLC now owns 7,536 shares of the semiconductor manufacturer’s stock valued at $1,121,000 after acquiring an additional 5,450 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday, September 16th. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday. Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, KeyCorp dropped their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Trading Up 4.9 %

NASDAQ:AMD traded up $8.05 during trading hours on Friday, hitting $170.90. The company had a trading volume of 44,640,296 shares, compared to its average volume of 58,411,141. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a market capitalization of $276.23 billion, a PE ratio of 251.32, a price-to-earnings-growth ratio of 2.14 and a beta of 1.70. The stock has a 50-day moving average price of $148.16 and a 200 day moving average price of $158.07.

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

About Advanced Micro Devices

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.