Clear Street Derivatives LLC Acquires Shares of 673,428 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Clear Street Derivatives LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 673,428 shares of the semiconductor manufacturer’s stock, valued at approximately $110,496,000. Advanced Micro Devices comprises 1.9% of Clear Street Derivatives LLC’s holdings, making the stock its 5th largest holding.

Several other institutional investors also recently modified their holdings of AMD. Coastwise Capital Group LLC grew its position in shares of Advanced Micro Devices by 36.9% during the 3rd quarter. Coastwise Capital Group LLC now owns 2,613 shares of the semiconductor manufacturer’s stock valued at $429,000 after acquiring an additional 704 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in Advanced Micro Devices by 14.5% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 63,000 shares of the semiconductor manufacturer’s stock worth $10,337,000 after acquiring an additional 8,000 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in Advanced Micro Devices by 7,133.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 48,029 shares of the semiconductor manufacturer’s stock worth $7,880,000 after acquiring an additional 47,365 shares during the last quarter. Atom Investors LP raised its stake in Advanced Micro Devices by 32.0% in the 3rd quarter. Atom Investors LP now owns 6,245 shares of the semiconductor manufacturer’s stock valued at $1,025,000 after acquiring an additional 1,515 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Advanced Micro Devices during the third quarter valued at about $4,894,000. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 80,000 shares of the firm’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 trade represents a 2.19 % decrease in their position. The transaction 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 business’s stock in a transaction dated 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 represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on AMD shares. UBS Group lowered 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 research report on Wednesday, October 30th. Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Roth Mkm reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. TD Cowen cut their target price on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Barclays decreased their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $137.18 on Monday. The stock has a market capitalization of $222.62 billion, a P/E ratio of 123.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.71. Advanced Micro Devices, Inc. has a one year low of $116.37 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The business’s 50 day simple moving average is $152.16 and its two-hundred day simple moving average is $154.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The business 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 was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

About Advanced Micro Devices

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.