Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.5% in the 4th quarter, HoldingsChannel reports. The fund owned 27,126 shares of the semiconductor manufacturer’s stock after selling 10,810 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Advanced Micro Devices were worth $3,277,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMD. Creative Capital Management Investments LLC lifted its stake in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the last quarter. ZRC Wealth Management LLC increased its holdings in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $26,000. FSA Wealth Management LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth $41,000. Finally, Coston McIsaac & Partners grew its holdings in shares of Advanced Micro Devices by 319.4% in the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after acquiring an additional 198 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The stock was 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 approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the business’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 sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock valued at $28,165,821 in the last three months. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 0.2 %

NASDAQ AMD opened at $122.84 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $114.41 and a 1-year high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $128.12 and its two-hundred day moving average is $143.73. The company has a market capitalization of $199.35 billion, a price-to-earnings ratio of 110.67, a PEG ratio of 1.09 and a beta of 1.66.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMD shares. Piper Sandler reiterated an “overweight” rating and issued a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Barclays cut their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group decreased their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.33.

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.