Western Wealth Management LLC Buys 590 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Western Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 18,551 shares of the semiconductor manufacturer’s stock after acquiring an additional 590 shares during the period. Western Wealth Management LLC’s holdings in Advanced Micro Devices were worth $2,735,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Peoples Bank KS purchased a new position in Advanced Micro Devices in the third quarter worth about $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices in the third quarter worth about $27,000. Castleview Partners LLC grew its stake in shares of Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares during the period. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $29,000. Finally, Raleigh Capital Management Inc. grew its stake in shares of Advanced Micro Devices by 54.8% in the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after acquiring an additional 109 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $3.81 during midday trading on Friday, reaching $151.27. 16,479,407 shares of the stock were exchanged, compared to its average volume of 73,864,805. The firm has a market cap of $244.47 billion, a price-to-earnings ratio of 298.24, a PEG ratio of 2.35 and a beta of 1.64. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The firm has a 50-day simple moving average of $180.16 and a two-hundred day simple moving average of $148.28. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter last year, the company earned $0.54 EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

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 dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 over the last 90 days. 0.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMD. KeyCorp lifted their price target on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. TD Cowen boosted their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. Barclays boosted their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Wednesday, January 24th. Finally, Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

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.