Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Successful Portfolios LLC

Successful Portfolios LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,708 shares of the semiconductor manufacturer’s stock after selling 138 shares during the quarter. Advanced Micro Devices accounts for about 1.1% of Successful Portfolios LLC’s portfolio, making the stock its 24th largest holding. Successful Portfolios LLC’s holdings in Advanced Micro Devices were worth $1,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Cherrydale Wealth Management LLC raised its stake in 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 in the last quarter. Christopher J. Hasenberg Inc boosted its stake in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after acquiring an additional 60 shares in the last quarter. Prentice Wealth Management LLC raised its position in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after purchasing an additional 62 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after acquiring an additional 63 shares during the last quarter. Finally, Delta Financial Group Inc. increased its holdings in shares of Advanced Micro Devices by 5.0% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley upped their price target on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Piper Sandler increased their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.31.

Advanced Micro Devices Stock Up 1.3 %

Shares of Advanced Micro Devices stock traded up $2.10 during midday trading on Friday, reaching $166.28. 15,001,252 shares of the company’s stock traded hands, compared to its average volume of 57,916,957. The company has a market cap of $269.12 billion, a price-to-earnings ratio of 200.40, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company’s 50 day simple moving average is $150.63 and its 200 day simple moving average is $157.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the business posted $0.40 EPS. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

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.