WD Rutherford LLC Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

WD Rutherford LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,568 shares of the semiconductor manufacturer’s stock after selling 1,000 shares during the period. Advanced Micro Devices comprises 3.3% of WD Rutherford LLC’s holdings, making the stock its 4th largest holding. WD Rutherford LLC’s holdings in Advanced Micro Devices were worth $5,538,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMD. Capital Investment Advisors LLC grew its holdings in Advanced Micro Devices by 9.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 8,265 shares of the semiconductor manufacturer’s stock valued at $850,000 after purchasing an additional 747 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Advanced Micro Devices by 4.6% during the 3rd quarter. Avior Wealth Management LLC now owns 7,856 shares of the semiconductor manufacturer’s stock valued at $808,000 after purchasing an additional 344 shares during the last quarter. Washington Trust Advisors Inc. boosted its position in Advanced Micro Devices by 262.9% in the 3rd quarter. Washington Trust Advisors Inc. now owns 1,847 shares of the semiconductor manufacturer’s stock valued at $190,000 after buying an additional 1,338 shares during the period. Koshinski Asset Management Inc. boosted its position in Advanced Micro Devices by 8.5% in the 3rd quarter. Koshinski Asset Management Inc. now owns 4,659 shares of the semiconductor manufacturer’s stock valued at $479,000 after buying an additional 366 shares during the period. Finally, CX Institutional boosted its position in Advanced Micro Devices by 1.2% in the 3rd quarter. CX Institutional now owns 9,354 shares of the semiconductor manufacturer’s stock valued at $962,000 after buying an additional 114 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD opened at $157.40 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The company has a market cap of $254.38 billion, a price-to-earnings ratio of 302.70, a PEG ratio of 2.34 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The firm’s fifty day simple moving average is $177.46 and its two-hundred day simple moving average is $150.27.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. The Goldman Sachs Group increased their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. Bank of America increased their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Finally, Truist Financial upped their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

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.