TCW Group Inc. Has $20.27 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

TCW Group Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,528 shares of the semiconductor manufacturer’s stock after buying an additional 32,402 shares during the quarter. TCW Group Inc.’s holdings in Advanced Micro Devices were worth $20,268,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Rehmann Capital Advisory Group lifted its holdings in shares of Advanced Micro Devices by 27.3% during the third quarter. Rehmann Capital Advisory Group now owns 7,847 shares of the semiconductor manufacturer’s stock worth $1,289,000 after purchasing an additional 1,684 shares during the period. TD Private Client Wealth LLC raised its position in Advanced Micro Devices by 5.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 10,528 shares of the semiconductor manufacturer’s stock worth $1,727,000 after purchasing an additional 550 shares during the last quarter. Fortem Financial Group LLC lifted its holdings in Advanced Micro Devices by 11.3% during the 3rd quarter. Fortem Financial Group LLC now owns 2,942 shares of the semiconductor manufacturer’s stock worth $483,000 after buying an additional 299 shares during the period. Empire Financial Management Company LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $346,000. Finally, TT International Asset Management LTD acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at about $1,312,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the topic of several analyst reports. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. UBS Group reduced their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Citigroup lowered their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Morgan Stanley cut their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $192.36.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last three months. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $127.74 on Wednesday. The firm’s fifty day moving average price is $149.48 and its two-hundred day moving average price is $153.01. The company has a market capitalization of $207.30 billion, a price-to-earnings ratio of 115.08, a P/E/G ratio of 1.91 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 1 year low of $121.82 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

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.