Vicus Capital Cuts Stock Position in Advanced Micro Devices, Inc. $AMD

Vicus Capital cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 38.4% during the 1st quarter, HoldingsChannel reports. The firm owned 3,086 shares of the semiconductor manufacturer’s stock after selling 1,923 shares during the quarter. Vicus Capital’s holdings in Advanced Micro Devices were worth $628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focused Wealth Management Inc raised its stake in shares of Advanced Micro Devices by 2.7% during the first quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock valued at $291,000 after purchasing an additional 37 shares during the period. James J. Burns & Company LLC increased its position in shares of Advanced Micro Devices by 2.3% during the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after acquiring an additional 40 shares during the last quarter. Yoder Wealth Management Inc. increased its position in shares of Advanced Micro Devices by 3.7% during the first quarter. Yoder Wealth Management Inc. now owns 1,158 shares of the semiconductor manufacturer’s stock worth $236,000 after acquiring an additional 41 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in shares of Advanced Micro Devices by 0.9% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock worth $1,052,000 after acquiring an additional 43 shares in the last quarter. Finally, Willis Johnson & Associates Inc. lifted its stake in shares of Advanced Micro Devices by 1.9% in the fourth quarter. Willis Johnson & Associates Inc. now owns 2,304 shares of the semiconductor manufacturer’s stock worth $493,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 3.4%

Shares of Advanced Micro Devices stock opened at $539.49 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $450.43 and its 200-day simple moving average is $298.88. The stock has a market capitalization of $879.69 billion, a price-to-earnings ratio of 176.88, a PEG ratio of 1.54 and a beta of 2.50. Advanced Micro Devices, Inc. has a twelve month low of $133.50 and a twelve month high of $562.99.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.08. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 37.8% compared to the same quarter last year. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 6.15 earnings per share for the current year.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMD shares. Roth Mkm reaffirmed a “buy” rating and issued a $500.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. UBS Group increased their price objective on shares of Advanced Micro Devices from $455.00 to $670.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Citigroup cut shares of Advanced Micro Devices from a “buy” rating to a “market perform” rating in a research report on Friday, June 12th. The Goldman Sachs Group upgraded Advanced Micro Devices from a “buy” rating to a “buy” rating in a research report on Friday, June 12th. Finally, Cantor Fitzgerald boosted their price target on Advanced Micro Devices from $500.00 to $700.00 and gave the company an “overweight” rating in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $445.81.

Read Our Latest Report on AMD

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 31,320 shares of Advanced Micro Devices stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. This trade represents a 2.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the transaction, the executive vice president directly owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 378,032 shares of company stock valued at $161,876,596. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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