Victory Capital Management Inc. Has $230.04 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Victory Capital Management Inc. trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,402,014 shares of the semiconductor manufacturer’s stock after selling 117,901 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Advanced Micro Devices worth $230,042,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Advanced Micro Devices during the 1st quarter worth approximately $331,000. Sheets Smith Wealth Management raised its position in shares of Advanced Micro Devices by 12.1% in the first quarter. Sheets Smith Wealth Management now owns 2,355 shares of the semiconductor manufacturer’s stock valued at $425,000 after purchasing an additional 255 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Advanced Micro Devices by 9.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,235,836 shares of the semiconductor manufacturer’s stock worth $764,526,000 after buying an additional 382,397 shares during the last quarter. Koshinski Asset Management Inc. lifted its stake in shares of Advanced Micro Devices by 30.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 5,562 shares of the semiconductor manufacturer’s stock worth $1,004,000 after buying an additional 1,313 shares during the last quarter. Finally, Patton Fund Management Inc. bought a new stake in shares of Advanced Micro Devices during the 1st quarter worth about $5,804,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Wedbush reissued an “outperform” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup dropped their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Barclays lowered their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. One 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 issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’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 transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Down 2.2 %

NASDAQ AMD traded down $3.17 during mid-day trading on Tuesday, reaching $144.18. 13,361,826 shares of the stock were exchanged, compared to its average volume of 55,768,141. The stock has a market cap of $233.98 billion, a P/E ratio of 130.64, a P/E/G ratio of 2.05 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a one year low of $116.00 and a one year high of $227.30. The stock has a 50 day simple moving average of $154.41 and a 200-day simple moving average of $155.52.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the company earned $0.53 EPS. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current 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.