Advanced Micro Devices, Inc. (NASDAQ:AMD) is Broderick Brian C’s 6th Largest Position

Broderick Brian C decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,227 shares of the semiconductor manufacturer’s stock after selling 5,068 shares during the quarter. Advanced Micro Devices accounts for about 3.5% of Broderick Brian C’s investment portfolio, making the stock its 6th largest position. Broderick Brian C’s holdings in Advanced Micro Devices were worth $18,086,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Intellectus Partners LLC grew its holdings in Advanced Micro Devices by 33.1% during the third quarter. Intellectus Partners LLC now owns 6,340 shares of the semiconductor manufacturer’s stock valued at $1,040,000 after purchasing an additional 1,575 shares during the period. Balboa Wealth Partners grew its stake in shares of Advanced Micro Devices by 2.9% during the 3rd quarter. Balboa Wealth Partners now owns 80,846 shares of the semiconductor manufacturer’s stock valued at $13,265,000 after acquiring an additional 2,308 shares during the period. OneDigital Investment Advisors LLC increased its holdings in Advanced Micro Devices by 14.2% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 79,024 shares of the semiconductor manufacturer’s stock worth $12,966,000 after acquiring an additional 9,853 shares in the last quarter. Sargent Investment Group LLC raised its stake in Advanced Micro Devices by 83.6% during the 3rd quarter. Sargent Investment Group LLC now owns 5,767 shares of the semiconductor manufacturer’s stock worth $946,000 after acquiring an additional 2,626 shares during the period. Finally, ING Groep NV lifted its holdings in Advanced Micro Devices by 5.8% during the third quarter. ING Groep NV now owns 629,437 shares of the semiconductor manufacturer’s stock valued at $103,278,000 after purchasing an additional 34,312 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was 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 in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was 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 approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on AMD shares. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Robert W. Baird cut their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Bank of America reissued a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Finally, BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Trading Down 0.3 %

Shares of NASDAQ AMD opened at $138.84 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company has a market cap of $225.31 billion, a price-to-earnings ratio of 125.08, a PEG ratio of 1.93 and a beta of 1.71. The business’s 50 day moving average price is $154.52 and its 200-day moving average price is $155.31.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The business 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%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

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.