Advanced Micro Devices, Inc. (NASDAQ:AMD) Holdings Decreased by WD Rutherford LLC

WD Rutherford LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,316 shares of the semiconductor manufacturer’s stock after selling 4,252 shares during the period. Advanced Micro Devices makes up approximately 3.1% of WD Rutherford LLC’s investment portfolio, making the stock its 3rd largest holding. WD Rutherford LLC’s holdings in Advanced Micro Devices were worth $6,013,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. lifted its holdings in Advanced Micro Devices by 21.0% in the third quarter. Mather Group LLC. now owns 9,887 shares of the semiconductor manufacturer’s stock valued at $1,017,000 after acquiring an additional 1,717 shares during the period. Valley National Advisers Inc. raised its stake in shares of Advanced Micro Devices by 30.0% during the 3rd quarter. Valley National Advisers Inc. now owns 958 shares of the semiconductor manufacturer’s stock worth $99,000 after buying an additional 221 shares during the period. Bamco Inc. NY raised its stake in shares of Advanced Micro Devices by 0.4% during the 3rd quarter. Bamco Inc. NY now owns 208,910 shares of the semiconductor manufacturer’s stock worth $21,480,000 after buying an additional 792 shares during the period. Morningstar Investment Services LLC acquired a new position in shares of Advanced Micro Devices during the 3rd quarter worth approximately $214,000. Finally, CWA Asset Management Group LLC raised its stake in shares of Advanced Micro Devices by 17.9% during the 3rd quarter. CWA Asset Management Group LLC now owns 5,663 shares of the semiconductor manufacturer’s stock worth $582,000 after buying an additional 858 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMD shares. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research note on Tuesday, May 7th. Jefferies Financial Group initiated coverage on Advanced Micro Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $190.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Roth Mkm reduced their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Finally, UBS Group reduced their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Trading Up 1.7 %

AMD traded up $2.74 during mid-day trading on Friday, hitting $162.21. 56,204,617 shares of the stock were exchanged, compared to its average volume of 48,393,012. The firm’s fifty day moving average is $159.12 and its two-hundred day moving average is $164.86. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a market cap of $262.18 billion, a PE ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating 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 return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was 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 approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

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.