Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Stephens Inc. AR

Stephens Inc. AR trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,415 shares of the semiconductor manufacturer’s stock after selling 5,875 shares during the period. Stephens Inc. AR’s holdings in Advanced Micro Devices were worth $3,311,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMD. Annex Advisory Services LLC grew its position in Advanced Micro Devices by 15.7% during the 3rd quarter. Annex Advisory Services LLC now owns 1,705 shares of the semiconductor manufacturer’s stock worth $280,000 after purchasing an additional 231 shares during the period. Retirement Planning Group LLC boosted its stake in shares of Advanced Micro Devices by 8.3% in the third quarter. Retirement Planning Group LLC now owns 3,889 shares of the semiconductor manufacturer’s stock worth $638,000 after buying an additional 297 shares during the last quarter. Carnegie Investment Counsel grew its holdings in Advanced Micro Devices by 28.4% during the third quarter. Carnegie Investment Counsel now owns 40,169 shares of the semiconductor manufacturer’s stock worth $6,591,000 after acquiring an additional 8,885 shares during the period. CHICAGO TRUST Co NA raised its position in Advanced Micro Devices by 51.2% during the third quarter. CHICAGO TRUST Co NA now owns 2,949 shares of the semiconductor manufacturer’s stock valued at $484,000 after acquiring an additional 998 shares in the last quarter. Finally, Gilman Hill Asset Management LLC lifted its holdings in Advanced Micro Devices by 28.8% in the third quarter. Gilman Hill Asset Management LLC now owns 2,125 shares of the semiconductor manufacturer’s stock valued at $349,000 after acquiring an additional 475 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $110.48 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62. The stock’s fifty day moving average is $123.42 and its two-hundred day moving average is $139.71. The firm has a market capitalization of $179.03 billion, a P/E ratio of 111.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMD. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Wells Fargo & Company dropped their price target on shares of Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler decreased their price objective on shares of Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research note on Friday. Finally, Susquehanna cut their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $158.70.

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.