DGS Capital Management LLC Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

DGS Capital Management LLC decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,267 shares of the semiconductor manufacturer’s stock after selling 185 shares during the quarter. DGS Capital Management LLC’s holdings in Advanced Micro Devices were worth $274,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMD. AQR Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 5.7% in the second quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer’s stock worth $47,782,000 after buying an additional 15,975 shares during the last quarter. Mackenzie Financial Corp boosted its position in Advanced Micro Devices by 0.3% in the 2nd quarter. Mackenzie Financial Corp now owns 201,976 shares of the semiconductor manufacturer’s stock worth $32,763,000 after purchasing an additional 594 shares in the last quarter. Smith Thornton Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $208,000. Beaird Harris Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 45.8% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 1,559 shares of the semiconductor manufacturer’s stock valued at $253,000 after purchasing an additional 490 shares in the last quarter. Finally, Ninepoint Partners LP increased its holdings in shares of Advanced Micro Devices by 16.5% during the 2nd quarter. Ninepoint Partners LP now owns 4,406 shares of the semiconductor manufacturer’s stock valued at $715,000 after purchasing an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on AMD shares. Roth Mkm restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. TD Cowen dropped their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Citigroup reduced their price target on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Piper Sandler reissued an “overweight” rating and issued a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, KeyCorp reduced their target price on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $176.33.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $122.84 on Friday. The company’s 50-day moving average is $128.12 and its two-hundred day moving average is $143.73. The firm has a market capitalization of $199.35 billion, a price-to-earnings ratio of 110.67, a PEG ratio of 1.09 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 $114.41 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 for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by company insiders.

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.