Alterity Financial Group LLC Sells 284 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alterity Financial Group LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,840 shares of the semiconductor manufacturer’s stock after selling 284 shares during the period. Advanced Micro Devices accounts for about 1.9% of Alterity Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. Alterity Financial Group LLC’s holdings in Advanced Micro Devices were worth $1,303,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AMD. Fairfield Bush & CO. bought a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $836,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock worth $260,746,000 after purchasing an additional 791,710 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in shares of Advanced Micro Devices by 34.9% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after purchasing an additional 692 shares in the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Advanced Micro Devices by 104.8% during the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Advanced Micro Devices by 217.2% in the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock worth $43,524,000 after purchasing an additional 272,557 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 324,943 shares of company stock worth $59,919,994 over the last quarter. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.5 %

Shares of Advanced Micro Devices stock opened at $180.49 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company has a market capitalization of $291.70 billion, a P/E ratio of 347.10, a P/E/G ratio of 2.70 and a beta of 1.66. The company has a fifty day moving average of $181.02 and a 200 day moving average of $140.97.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMD shares. Roth Mkm raised their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Mizuho increased their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Monday, January 8th. Finally, Barclays boosted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $181.82.

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.