Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Cut by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,638 shares of the semiconductor manufacturer’s stock after selling 77 shares during the period. Woodmont Investment Counsel LLC’s holdings in Advanced Micro Devices were worth $269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. raised its holdings in Advanced Micro Devices by 19.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 68,990 shares of the semiconductor manufacturer’s stock worth $12,452,000 after purchasing an additional 11,368 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at $331,000. AIA Group Ltd bought a new position in Advanced Micro Devices during the first quarter valued at about $1,631,000. Wealthspire Advisors LLC grew its holdings in Advanced Micro Devices by 2.9% during the first quarter. Wealthspire Advisors LLC now owns 10,962 shares of the semiconductor manufacturer’s stock worth $1,979,000 after acquiring an additional 305 shares during the period. Finally, Hilltop National Bank bought a new stake in Advanced Micro Devices in the first quarter worth about $372,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.65% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMD. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Roth Mkm reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Piper Sandler reissued an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, Robert W. Baird cut their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $149.82 on Friday. The firm has a market cap of $243.13 billion, a P/E ratio of 134.97, a PEG ratio of 1.94 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a fifty-two week low of $112.88 and a fifty-two week high of $227.30. The stock’s 50-day moving average is $154.36 and its two-hundred day moving average is $155.56.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. 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 earned $0.53 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

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.