MGO One Seven LLC Sells 7,876 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

MGO One Seven LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 29.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,701 shares of the semiconductor manufacturer's stock after selling 7,876 shares during the quarter. MGO One Seven LLC's holdings in Advanced Micro Devices were worth $2,259,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMD. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their target price for the company from $175.00 to $129.00 in a report on Friday, January 10th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Citigroup reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, April 16th. Finally, Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $140.57.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Down 0.3 %

NASDAQ:AMD traded down $0.26 during mid-day trading on Monday, hitting $96.39. 23,288,463 shares of the company's stock were exchanged, compared to its average volume of 42,763,156. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The business has a fifty day moving average price of $98.72 and a 200 day moving average price of $120.25. The company has a market cap of $155.79 billion, a PE ratio of 97.36, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices Company 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.