Capital Wealth Planning LLC Has $246,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Wealth Planning LLC cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 53.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,364 shares of the semiconductor manufacturer’s stock after selling 1,537 shares during the period. Capital Wealth Planning LLC’s holdings in Advanced Micro Devices were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 62 shares in the last quarter. Prentice Wealth Management LLC raised its position in Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after buying an additional 63 shares during the last quarter. Schear Investment Advisers LLC boosted its position in Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC grew its stake in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after acquiring an additional 65 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and set a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Truist Financial decreased their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley lowered shares of Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target on the stock. in a research report on Monday, June 10th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Citigroup dropped their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.00.

Advanced Micro Devices Trading Down 0.2 %

Shares of Advanced Micro Devices stock traded down $0.33 on Friday, hitting $181.61. The stock had a trading volume of 50,827,368 shares, compared to its average volume of 47,470,084. The stock has a 50 day moving average of $163.15 and a 200 day moving average of $167.38. The firm has a market capitalization of $293.54 billion, a P/E ratio of 267.08, a PEG ratio of 2.10 and a beta of 1.68. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share 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.