Portfolio Design Labs LLC Lowers Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. EULAV Asset Management raised its position in shares of Advanced Micro Devices by 45.2% during the 3rd quarter. EULAV Asset Management now owns 180,000 shares of the semiconductor manufacturer’s stock valued at $29,534,000 after buying an additional 56,000 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Advanced Micro Devices by 8.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,554 shares of the semiconductor manufacturer’s stock valued at $583,000 after buying an additional 265 shares in the last quarter. Commerce Bank raised its position in shares of Advanced Micro Devices by 1.1% during the 3rd quarter. Commerce Bank now owns 117,741 shares of the semiconductor manufacturer’s stock valued at $19,319,000 after buying an additional 1,300 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $50,000. Finally, West Family Investments Inc. raised its position in shares of Advanced Micro Devices by 65.2% during the 3rd quarter. West Family Investments Inc. now owns 5,111 shares of the semiconductor manufacturer’s stock valued at $839,000 after buying an additional 2,018 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $137.60 on Thursday. The firm has a 50-day moving average price of $154.22 and a 200-day moving average price of $154.82. The firm has a market capitalization of $223.30 billion, a PE ratio of 123.96, a price-to-earnings-growth 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, Inc. has a 12-month low of $116.37 and a 12-month 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 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the business posted $0.53 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices 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 transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices 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 completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on AMD shares. Wedbush reiterated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Truist Financial decreased their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. UBS Group cut their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Citigroup cut their price target on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Edward Jones initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

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.