Advanced Micro Devices, Inc. $AMD Shares Sold by Oakwell Private Wealth Management LLC

Oakwell Private Wealth Management LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,550 shares of the semiconductor manufacturer’s stock after selling 732 shares during the quarter. Oakwell Private Wealth Management LLC’s holdings in Advanced Micro Devices were worth $788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dogwood Wealth Management LLC lifted its holdings in Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 208 shares during the last quarter. Avion Wealth lifted its holdings in shares of Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 72 shares during the last quarter. West Branch Capital LLC lifted its holdings in shares of Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 214 shares during the last quarter. High Note Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 285.5% in the 2nd quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 197 shares during the last quarter. Finally, Quaker Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 136.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $39,000 after acquiring an additional 1,039 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 1.4%

Shares of NASDAQ:AMD opened at $259.65 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The company’s 50 day moving average is $193.09 and its two-hundred day moving average is $154.91. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $421.37 billion, a PE ratio of 149.22, a P/E/G ratio of 2.42 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial restated a “buy” rating and issued a $273.00 price objective (up from $213.00) on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on shares of Advanced Micro Devices and gave the stock a “hold” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Piper Sandler reiterated an “overweight” rating and set a $240.00 target price on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Finally, Wolfe Research set a $300.00 target price on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $237.32.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 17,200 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president directly owned 313,848 shares of the company’s stock, valued at $50,507,558.64. This trade represents a 5.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 274,118 shares of company stock worth $46,180,719. Insiders own 0.06% of the company’s stock.

About Advanced Micro Devices

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.