WR Wealth Planners LLC Sells 1,829 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

WR Wealth Planners LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 51.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,754 shares of the semiconductor manufacturer’s stock after selling 1,829 shares during the quarter. WR Wealth Planners LLC’s holdings in Advanced Micro Devices were worth $285,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tradewinds Capital Management LLC raised its holdings in Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 71 shares during the last quarter. Morton Brown Family Wealth LLC raised its stake in shares of Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares during the last quarter. Northwest Bank & Trust Co purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $28,000. Semmax Financial Advisors Inc. grew its stake in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the completion of the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $3.07 during trading on Friday, hitting $148.56. 31,169,069 shares of the company’s stock traded hands, compared to its average volume of 48,802,300. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The business has a 50-day simple moving average of $153.31 and a 200-day simple moving average of $164.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The stock has a market capitalization of $240.44 billion, a P/E ratio of 218.47, a PEG ratio of 2.03 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AMD shares. Wedbush reiterated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup lifted their price target on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Jefferies Financial Group began coverage on shares of Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 price objective on the stock. Susquehanna reaffirmed a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $193.45.

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.