Western Financial Corp CA Purchases 5,949 Shares of Advanced Micro Devices, Inc. $AMD

Western Financial Corp CA boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,103 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,949 shares during the quarter. Advanced Micro Devices accounts for approximately 2.6% of Western Financial Corp CA’s investment portfolio, making the stock its 4th biggest holding. Western Financial Corp CA’s holdings in Advanced Micro Devices were worth $6,661,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 2.4% during the 3rd quarter. HHM Wealth Advisors LLC now owns 1,742 shares of the semiconductor manufacturer’s stock worth $282,000 after purchasing an additional 40 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Advanced Micro Devices by 0.3% in the 3rd quarter. HBK Sorce Advisory LLC now owns 13,404 shares of the semiconductor manufacturer’s stock valued at $2,169,000 after purchasing an additional 43 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in Advanced Micro Devices by 0.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,706 shares of the semiconductor manufacturer’s stock valued at $1,409,000 after purchasing an additional 43 shares during the last quarter. Moseley Investment Management Inc. grew its holdings in Advanced Micro Devices by 0.5% during the third quarter. Moseley Investment Management Inc. now owns 8,883 shares of the semiconductor manufacturer’s stock worth $1,437,000 after purchasing an additional 44 shares during the period. Finally, OneAscent Family Office LLC increased its position in Advanced Micro Devices by 2.6% during the third quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer’s stock worth $284,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial set a $283.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 4th. Wedbush reissued an “outperform” rating and set a $290.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, February 2nd. Mizuho raised their price target on Advanced Micro Devices from $275.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Finally, DA Davidson raised shares of Advanced Micro Devices to a “hold” rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.53.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $217.50 on Monday. The firm has a market cap 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. The business’s 50 day moving average is $209.87 and its 200-day moving average is $215.26. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,442 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the transaction, the senior vice president directly owned 16,359 shares of the company’s stock, valued at approximately $3,834,876.78. This trade represents a 12.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 85,000 shares of Advanced Micro Devices stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $198.77, for a total value of $16,895,450.00. Following the completion of the transaction, the chief executive officer directly owned 3,146,006 shares of the company’s stock, valued at $625,331,612.62. This represents a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 239,392 shares of company stock worth $50,016,383 over the last quarter. Company insiders own 0.06% of the company’s stock.

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.