Marshall Financial Group LLC Lowers Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Marshall Financial Group LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.6% in the first quarter, Holdings Channel.com reports. The firm owned 9,055 shares of the semiconductor manufacturer’s stock after selling 437 shares during the quarter. Marshall Financial Group LLC’s holdings in Advanced Micro Devices were worth $1,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of AMD. Tradewinds Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 71 shares during the last quarter. Northwest Bank & Trust Co acquired a new position in Advanced Micro Devices in the 4th quarter valued at $28,000. Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $29,000. Finally, Gables Capital Management Inc. purchased a new position in Advanced Micro Devices during the fourth quarter worth about $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Citigroup decreased their price target on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Piper Sandler reiterated an “overweight” rating and set a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Jefferies Financial Group started coverage on Advanced Micro Devices in a research report on Monday, May 13th. They set a “buy” rating and a $190.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $0.41 on Thursday, reaching $163.90. 26,980,906 shares of the company traded hands, compared to its average volume of 48,034,668. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The stock has a market capitalization of $264.91 billion, a PE ratio of 241.03, a P/E/G ratio of 1.90 and a beta of 1.68. The company’s 50 day moving average is $159.78 and its 200-day moving average is $165.55. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Insider Buying and Selling

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 value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.65% of the company’s stock.

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.