Dakota Wealth Management Sells 3,147 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Dakota Wealth Management cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,293 shares of the semiconductor manufacturer’s stock after selling 3,147 shares during the period. Dakota Wealth Management’s holdings in Advanced Micro Devices were worth $1,497,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMD. Tradewinds Capital Management LLC increased its position in shares of Advanced Micro Devices by 102.9% during the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 71 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $27,000. Northwest Bank & Trust Co purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $28,000. Bare Financial Services Inc purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of several analyst reports. Susquehanna reduced their price target on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a report on Monday, April 29th. Bank of America increased their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. TD Cowen upped their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Roth Mkm decreased their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $1.67 during midday trading on Tuesday, reaching $164.66. 29,936,660 shares of the company traded hands, compared to its average volume of 68,275,719. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company has a fifty day moving average price of $165.87 and a 200 day moving average price of $157.24. The firm has a market capitalization of $266.14 billion, a price-to-earnings ratio of 242.15, a price-to-earnings-growth ratio of 2.54 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, 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 filing with the SEC, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,650 shares of company stock worth $31,761,199. 0.65% of the stock is currently owned by insiders.

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.