Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Shepherd Financial Partners LLC

Shepherd Financial Partners LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 31.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,154 shares of the semiconductor manufacturer’s stock after selling 4,109 shares during the period. Shepherd Financial Partners LLC’s holdings in Advanced Micro Devices were worth $1,502,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in AMD. Cherrydale Wealth Management LLC raised its position in shares of Advanced Micro Devices by 4.7% in the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after buying an additional 58 shares during the last quarter. Christopher J. Hasenberg Inc increased its position in Advanced Micro Devices by 12.0% during the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares during the last quarter. Delta Financial Group Inc. boosted its stake in Advanced Micro Devices by 5.0% during the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after buying an additional 63 shares during the period. Trivant Custom Portfolio Group LLC boosted its stake in Advanced Micro Devices by 0.3% during the second quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock worth $3,995,000 after buying an additional 65 shares during the period. Finally, Wealth Effects LLC boosted its stake in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 0.7 %

NASDAQ AMD traded down $0.98 on Friday, reaching $143.09. The company had a trading volume of 17,304,354 shares, compared to its average volume of 56,611,391. The firm has a market capitalization of $231.59 billion, a PE ratio of 128.99, a P/E/G ratio of 2.03 and a beta of 1.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 2.01. The firm has a 50-day moving average of $155.01 and a 200-day moving average of $155.94. Advanced Micro Devices, Inc. has a 1 year low of $105.91 and a 1 year high of $227.30.

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

Analysts Set New Price Targets

AMD has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Robert W. Baird decreased their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Evercore ISI raised their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices 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.