TCW Group Inc. Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

TCW Group Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 123,528 shares of the semiconductor manufacturer’s stock after buying an additional 32,402 shares during the period. TCW Group Inc.’s holdings in Advanced Micro Devices were worth $20,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. ORG Partners LLC lifted its holdings in shares of Advanced Micro Devices by 808.7% in the second quarter. ORG Partners LLC now owns 2,190 shares of the semiconductor manufacturer’s stock worth $345,000 after buying an additional 1,949 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Advanced Micro Devices by 10.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 76,520 shares of the semiconductor manufacturer’s stock worth $12,412,000 after purchasing an additional 7,530 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Advanced Micro Devices by 13.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 6,908 shares of the semiconductor manufacturer’s stock valued at $1,121,000 after purchasing an additional 827 shares during the period. AdvisorNet Financial Inc increased its holdings in shares of Advanced Micro Devices by 7.5% in the second quarter. AdvisorNet Financial Inc now owns 6,129 shares of the semiconductor manufacturer’s stock worth $994,000 after purchasing an additional 427 shares during the period. Finally, 180 Wealth Advisors LLC raised its position in shares of Advanced Micro Devices by 13.0% in the second quarter. 180 Wealth Advisors LLC now owns 4,066 shares of the semiconductor manufacturer’s stock worth $660,000 after buying an additional 469 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 over the last quarter. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Down 2.4 %

Shares of NASDAQ:AMD opened at $127.74 on Wednesday. The firm has a market capitalization of $207.30 billion, a P/E ratio of 115.08, a P/E/G ratio of 1.91 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a 50 day moving average price of $149.48 and a 200-day moving average price of $153.01. Advanced Micro Devices, Inc. has a 52-week low of $121.82 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

AMD has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Mizuho cut their target price on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Piper Sandler restated an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, Barclays cut their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $192.36.

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.