RWQ Financial Management Services Inc. Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

RWQ Financial Management Services Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 98.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,380 shares of the semiconductor manufacturer's stock after selling 158,981 shares during the period. Advanced Micro Devices makes up 0.1% of RWQ Financial Management Services Inc.'s investment portfolio, making the stock its 20th biggest holding. RWQ Financial Management Services Inc.'s holdings in Advanced Micro Devices were worth $287,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in Advanced Micro Devices by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Shum Financial Group Inc. purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $858,000. State Street Corp increased its holdings in shares of Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the period. Geode Capital Management LLC raised its position in shares of Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after buying an additional 441,924 shares in the last quarter. Finally, Enzi Wealth bought a new stake in Advanced Micro Devices during the fourth quarter valued at $569,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

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Insider Buying and Selling

In other news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 7.0 %

Shares of AMD traded up $7.41 during mid-day trading on Monday, hitting $113.85. 53,184,678 shares of the company's stock traded hands, compared to its average volume of 43,502,150. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $184.49 billion, a P/E ratio of 115.00, a PEG ratio of 1.11 and a beta of 1.74. The business's 50-day moving average price is $110.28 and its 200-day moving average price is $131.78. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AMD. Wells Fargo & Company restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Advanced Micro Devices from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Stifel Nicolaus lowered their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Wedbush reissued an "outperform" rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Mizuho lowered their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $155.14.

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.