Portfolio Design Labs LLC Has $319,000 Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Portfolio Design Labs LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 88.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,946 shares of the semiconductor manufacturer’s stock after selling 14,659 shares during the period. Portfolio Design Labs LLC’s holdings in Advanced Micro Devices were worth $319,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Advanced Micro Devices by 17,137.3% in the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock valued at $1,289,818,000 after buying an additional 7,815,305 shares in the last quarter. Van ECK Associates Corp raised its position in Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Advanced Micro Devices during the second quarter valued at approximately $296,178,000. Finally, Swedbank AB acquired a new position in Advanced Micro Devices during the first quarter valued at approximately $290,842,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company’s 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 sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % 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 company insiders.

Analyst Ratings Changes

Several research analysts have commented on AMD shares. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. UBS Group lowered their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. TD Cowen lowered their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, Bank of America reaffirmed a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $137.60 on Thursday. The firm’s 50-day moving average price is $154.22 and its 200-day moving average price is $154.82. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30. The firm has a market capitalization of $223.30 billion, a P/E ratio of 123.96, a P/E/G ratio of 1.87 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced 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. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate 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.