Darwin Wealth Management LLC Decreases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Darwin Wealth Management LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.6% in the fourth quarter, Holdings Channel reports. The fund owned 14,615 shares of the semiconductor manufacturer’s stock after selling 1,372 shares during the period. Darwin Wealth Management LLC’s holdings in Advanced Micro Devices were worth $2,154,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Peoples Bank KS purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices in the 3rd quarter valued at $27,000. Bare Financial Services Inc acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Finally, Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Mizuho reduced their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Bank of America upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Roth Mkm cut their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $183.94.

Advanced Micro Devices Price Performance

AMD stock traded up $0.06 during trading on Friday, hitting $152.45. The company had a trading volume of 18,041,545 shares, compared to its average volume of 69,741,727. The firm has a market capitalization of $246.41 billion, a price-to-earnings ratio of 224.10, a P/E/G ratio of 2.33 and a beta of 1.66. The business has a 50 day moving average of $174.08 and a 200 day moving average of $153.24. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 181,850 shares of company stock worth $34,637,833. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Company 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.