Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,435 shares of the semiconductor manufacturer’s stock after selling 624 shares during the period. Avior Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. West Family Investments Inc. grew its holdings in Advanced Micro Devices by 65.2% during the third quarter. West Family Investments Inc. now owns 5,111 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 2,018 shares during the period. Second Half Financial Partners LLC acquired a new stake in Advanced Micro Devices in the third quarter valued at approximately $537,000. Aberdeen Wealth Management LLC bought a new stake in Advanced Micro Devices during the third quarter worth $202,000. PNC Financial Services Group Inc. boosted its holdings in shares of Advanced Micro Devices by 4.2% in the third quarter. PNC Financial Services Group Inc. now owns 327,613 shares of the semiconductor manufacturer’s stock worth $53,755,000 after acquiring an additional 13,189 shares during the period. Finally, Parnassus Investments LLC increased its stake in Advanced Micro Devices by 10.4% in the third quarter. Parnassus Investments LLC now owns 6,058 shares of the semiconductor manufacturer’s stock valued at $994,000 after acquiring an additional 569 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMD. Truist Financial dropped their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley cut their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Evercore ISI increased their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays reduced their target price 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. Finally, BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.79.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices 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 owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Down 1.3 %

Shares of AMD opened at $137.60 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30. The firm has a 50 day simple moving average of $154.22 and a 200-day simple moving average of $154.82. The stock has a market cap of $223.30 billion, a price-to-earnings ratio of 123.96, a price-to-earnings-growth ratio of 1.87 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 (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

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.