Successful Portfolios LLC Downgrades Advanced Micro Devices, Inc. Stock. (NASDAQ:AMD)

Successful Portfolios LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 1.9% in the first quarter, according to its latest 13F filing with the SEC. The company owned 9,802 shares of the semiconductor maker after selling 193 shares during the period. Advanced Micro Devices makes up 1.2% of Successful Portfolios LLC’s investment portfolio, making the stock the 18th largest holding. Successful Portfolios LLC’s holdings in Advanced Micro Devices were worth $1,769,000, according to its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices during the third quarter worth approximately $27,000. Northwest Bank & Trust Co acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at $28,000. Bare Financial Services Inc purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $29,000. Finally, Gables Capital Management Inc. acquired a new position in Advanced Micro Devices during the fourth quarter valued at $29,000. Hedge funds and other institutional investors hold 71.34% of the company’s shares.

Advanced Micro Devices – 1.7% Inventory Increase

AMD shares opened on Monday at $162.21. The market capitalization of the stock is USD 262.18 billion, the P/E ratio is 238.55, the price/earnings-growth ratio is 1.87, and the beta is 1.69. The company has a 50-day moving average of $159.12 and a 200-day moving average of $165.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. it has a yearly low of $93.11 and a yearly high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter last year, the company earned $0.43 in earnings per share. The company’s revenue increased by 2.2% compared to the same quarter last year. As a group, analysts expect Advanced Micro Devices, Inc. will record 2.61 EPS in the current year.

Analyst Upgrades and Downgrades

Many equity analysts have published reports on AMD stock. Evercore ISI lowered their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an outperform rating for the stock in a research report on Wednesday, May 1st. Cantor Fitzgerald lowered their target price on shares of Advanced Micro Devices from $190.00 to $170.00 and set an overweight rating for the stock in a report on Wednesday, May 1st. Truist Financial lowered their target price on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. UBS Group lowered their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price target for the company in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, three have rated the stock with a hold rating and twenty-seven have rated the stock with a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price of $190.83.

Read our latest analysis of AMD shares

Buying and selling confidential information at Advanced Micro Devices

In other Advanced Micro Devices news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction amount of $2,574,828.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock valued at $245,757,319.38. The sale was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link. 0.65% of the shares are owned by corporate insiders.

About advanced micro devices

(free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. It operates in the Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center, and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

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