Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Trimmed by Wafra Inc.

Wafra Inc. decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 65.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 94,928 shares of the semiconductor manufacturer’s stock after selling 181,941 shares during the quarter. Wafra Inc.’s holdings in Advanced Micro Devices were worth $13,993,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Annex Advisory Services LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth $208,000. Orion Portfolio Solutions LLC raised its position in Advanced Micro Devices by 76.1% in the third quarter. Orion Portfolio Solutions LLC now owns 55,650 shares of the semiconductor manufacturer’s stock worth $5,722,000 after acquiring an additional 24,049 shares in the last quarter. New Mexico Educational Retirement Board lifted its holdings in Advanced Micro Devices by 6.9% in the 3rd quarter. New Mexico Educational Retirement Board now owns 83,750 shares of the semiconductor manufacturer’s stock valued at $8,611,000 after acquiring an additional 5,400 shares during the last quarter. Verus Capital Partners LLC boosted its position in shares of Advanced Micro Devices by 6.5% during the 3rd quarter. Verus Capital Partners LLC now owns 337,395 shares of the semiconductor manufacturer’s stock valued at $34,691,000 after purchasing an additional 20,712 shares in the last quarter. Finally, Vanguard Capital Wealth Advisors grew its stake in shares of Advanced Micro Devices by 24.1% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 3,094 shares of the semiconductor manufacturer’s stock worth $318,000 after purchasing an additional 600 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the subject of a number of research reports. UBS Group reduced their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Piper Sandler restated an “overweight” rating and issued a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Susquehanna cut their target price on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Citigroup decreased their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price objective for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $185.26.

View Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Stock Performance

AMD traded up $1.85 on Friday, hitting $164.47. The company had a trading volume of 65,944,362 shares, compared to its average volume of 47,430,504. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The company’s fifty day moving average price is $167.27 and its 200 day moving average price is $155.72. The stock has a market cap of $265.83 billion, a price-to-earnings ratio of 241.87, a price-to-earnings-growth ratio of 2.51 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $290,290,831.46. The disclosure for this sale can be found here. Insiders sold 165,650 shares of company stock worth $31,761,199 over the last ninety days. Company insiders own 0.73% of the company’s stock.

About Advanced Micro Devices

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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