Legacy Wealth Asset Management LLC Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Legacy Wealth Asset Management LLC reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,621 shares of the semiconductor manufacturer’s stock after selling 218 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Advanced Micro Devices were worth $1,766,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bradley Foster & Sargent Inc. CT boosted its holdings in Advanced Micro Devices by 2.1% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 6,729 shares of the semiconductor manufacturer’s stock worth $1,092,000 after acquiring an additional 141 shares in the last quarter. Argent Trust Co raised its position in shares of Advanced Micro Devices by 0.9% in the 2nd quarter. Argent Trust Co now owns 15,459 shares of the semiconductor manufacturer’s stock worth $2,508,000 after purchasing an additional 134 shares during the last quarter. Blair William & Co. IL boosted its stake in Advanced Micro Devices by 7.0% in the 2nd quarter. Blair William & Co. IL now owns 237,556 shares of the semiconductor manufacturer’s stock worth $38,534,000 after purchasing an additional 15,475 shares in the last quarter. MRP Capital Investments LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at about $81,000. Finally, WCG Wealth Advisors LLC increased its stake in Advanced Micro Devices by 19.3% during the 2nd quarter. WCG Wealth Advisors LLC now owns 28,301 shares of the semiconductor manufacturer’s stock valued at $4,591,000 after purchasing an additional 4,587 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 1.3 %

NASDAQ AMD opened at $118.44 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $192.21 billion, a P/E ratio of 106.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66. The stock’s 50-day moving average price is $131.09 and its 200-day moving average price is $145.76.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates 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. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMD shares. TD Cowen dropped their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. The Goldman Sachs Group cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $179.68.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s 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 in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 in the last three months. Company insiders own 0.73% of the company’s stock.

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.