Principal Securities Inc. Lowers Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Principal Securities Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 27,679 shares of the semiconductor manufacturer’s stock after selling 20,026 shares during the quarter. Principal Securities Inc.’s holdings in Advanced Micro Devices were worth $4,541,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cherrydale Wealth Management LLC raised its holdings in Advanced Micro Devices by 4.7% during the 2nd 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 period. Christopher J. Hasenberg Inc raised its holdings in Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock valued at $97,000 after buying an additional 60 shares during the period. Delta Financial Group Inc. increased its stake in Advanced Micro Devices by 5.0% in the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after purchasing an additional 63 shares during the period. Trivant Custom Portfolio Group LLC increased its stake in Advanced Micro Devices by 0.3% in the second quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock worth $3,995,000 after purchasing an additional 65 shares during the period. Finally, Wealth Effects LLC increased its stake in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 1.5 %

Shares of NASDAQ:AMD opened at $141.86 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $105.91 and a 52-week high of $227.30. The stock has a market cap of $229.60 billion, a price-to-earnings ratio of 127.80, a PEG ratio of 2.03 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $154.75 and a 200-day moving average price of $155.81.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Analysts Set New Price Targets

AMD has been the topic of a number of recent analyst reports. Evercore ISI increased their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup reduced their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Truist Financial dropped their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

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.