Pursue Wealth Partners LLC Sells 2,094 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pursue Wealth Partners LLC lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,610 shares of the semiconductor manufacturer’s stock after selling 2,094 shares during the period. Advanced Micro Devices makes up 1.4% of Pursue Wealth Partners LLC’s holdings, making the stock its 24th biggest holding. Pursue Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $2,561,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $264,000. FORVIS Wealth Advisors LLC boosted its holdings in Advanced Micro Devices by 37.1% in the first quarter. FORVIS Wealth Advisors LLC now owns 5,029 shares of the semiconductor manufacturer’s stock valued at $908,000 after acquiring an additional 1,361 shares during the last quarter. Norden Group LLC raised its holdings in Advanced Micro Devices by 41.1% during the 1st quarter. Norden Group LLC now owns 5,752 shares of the semiconductor manufacturer’s stock worth $1,038,000 after purchasing an additional 1,675 shares during the last quarter. Prosperity Consulting Group LLC lifted its position in shares of Advanced Micro Devices by 160.7% in the 1st quarter. Prosperity Consulting Group LLC now owns 3,650 shares of the semiconductor manufacturer’s stock worth $659,000 after purchasing an additional 2,250 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Advanced Micro Devices by 50.3% during the first quarter. Blue Trust Inc. now owns 4,134 shares of the semiconductor manufacturer’s stock worth $746,000 after buying an additional 1,383 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $144.99 on Friday. The company has a market cap of $234.66 billion, a price-to-earnings ratio of 129.79, a P/E/G ratio of 2.03 and a beta of 1.70. The business’s fifty day simple moving average is $155.01 and its two-hundred day simple moving average is $155.94. Advanced Micro Devices, Inc. has a 12 month low of $105.91 and a 12 month high of $227.30. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent analyst reports. Evercore ISI raised their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Citigroup decreased their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Truist Financial lowered their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

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.