Western Financial Corp CA Increases Holdings in Advanced Micro Devices, Inc. $AMD

Western Financial Corp CA boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,103 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,949 shares during the period. Advanced Micro Devices comprises approximately 2.6% of Western Financial Corp CA’s investment portfolio, making the stock its 4th biggest position. Western Financial Corp CA’s holdings in Advanced Micro Devices were worth $6,661,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Impax Asset Management Group plc boosted its stake in shares of Advanced Micro Devices by 326.5% in the 3rd quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer’s stock valued at $8,424,000 after purchasing an additional 39,861 shares in the last quarter. Zweig DiMenna Associates LLC lifted its stake in Advanced Micro Devices by 127.6% in the 3rd quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer’s stock valued at $11,746,000 after purchasing an additional 40,708 shares during the last quarter. Wedbush Securities Inc. boosted its position in Advanced Micro Devices by 7.8% in the third quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer’s stock valued at $13,632,000 after buying an additional 6,095 shares in the last quarter. Highline Wealth Partners LLC boosted its position in Advanced Micro Devices by 4,891.6% in the fourth quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer’s stock valued at $1,775,000 after buying an additional 8,120 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Advanced Micro Devices by 72.5% during the third quarter. William Blair Investment Management LLC now owns 1,047,200 shares of the semiconductor manufacturer’s stock worth $169,426,000 after buying an additional 440,296 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on AMD shares. China Renaissance assumed coverage on Advanced Micro Devices in a research note on Tuesday, January 13th. They issued a “buy” rating and a $291.00 price target for the company. Sanford C. Bernstein set a $235.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 4th. Wedbush reiterated an “outperform” rating and issued a $290.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Evercore reissued an “outperform” rating and set a $358.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. Finally, Citigroup restated a “neutral” rating on shares of Advanced Micro Devices in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $290.53.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the sale, the executive vice president owned 289,098 shares in the company, valued at $62,679,337.38. This represents a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Darren Grasby sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the sale, the executive vice president directly owned 129,598 shares of the company’s stock, valued at $26,550,742.26. This represents a 5.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 239,392 shares of company stock valued at $50,016,383. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $217.50 on Monday. The company’s 50 day moving average price is $209.87 and its 200-day moving average price is $215.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The company has a market capitalization of $354.60 billion, a P/E ratio of 82.08, a price-to-earnings-growth ratio of 0.82 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. The company had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. Advanced Micro Devices’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.09 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.