Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by RMR Wealth Builders

RMR Wealth Builders cut its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,122 shares of the semiconductor manufacturer’s stock after selling 1,681 shares during the quarter. RMR Wealth Builders’ holdings in Advanced Micro Devices were worth $2,310,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AMD. Andra AP fonden acquired a new stake in Advanced Micro Devices in the second quarter valued at about $2,855,000. HHM Wealth Advisors LLC raised its position in Advanced Micro Devices by 38.5% in the second quarter. HHM Wealth Advisors LLC now owns 597 shares of the semiconductor manufacturer’s stock worth $97,000 after acquiring an additional 166 shares in the last quarter. Linscomb Wealth Inc. lifted its holdings in Advanced Micro Devices by 3.7% in the second quarter. Linscomb Wealth Inc. now owns 13,595 shares of the semiconductor manufacturer’s stock valued at $2,205,000 after acquiring an additional 480 shares during the period. Y.D. More Investments Ltd boosted its position in shares of Advanced Micro Devices by 3.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 30,694 shares of the semiconductor manufacturer’s stock worth $4,978,000 after purchasing an additional 965 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. grew its stake in shares of Advanced Micro Devices by 406.7% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 17,396 shares of the semiconductor manufacturer’s stock worth $2,822,000 after purchasing an additional 13,963 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $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. Over the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMD. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price target for the company from $175.00 to $129.00 in a research report on Friday. Roth Mkm reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. TD Cowen cut their price target 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. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.22.

Advanced Micro Devices Stock Down 4.8 %

NASDAQ:AMD traded down $5.80 during mid-day trading on Friday, hitting $116.04. The company had a trading volume of 58,969,480 shares, compared to its average volume of 43,956,914. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $114.45 and a 1 year high of $227.30. The firm has a market capitalization of $188.31 billion, a price-to-earnings ratio of 104.54, a PEG ratio of 1.88 and a beta of 1.66. The business has a fifty day simple moving average of $133.09 and a 200-day simple moving average of $147.05.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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.