Audent Global Asset Management LLC Lowers Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Audent Global Asset Management LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 51.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 10,578 shares of the semiconductor manufacturer’s stock after selling 11,157 shares during the period. Advanced Micro Devices comprises approximately 3.0% of Audent Global Asset Management LLC’s holdings, making the stock its 13th biggest holding. Audent Global Asset Management LLC’s holdings in Advanced Micro Devices were worth $1,736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 2.8% in the third quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer’s stock worth $3,904,323,000 after buying an additional 644,039 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after buying an additional 1,565,083 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Advanced Micro Devices by 1.4% in the second quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock worth $2,159,039,000 after buying an additional 188,580 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after buying an additional 177,700 shares in the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of Advanced Micro Devices by 11.3% in the third quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer’s stock worth $1,471,128,000 after buying an additional 975,220 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 0.7 %

Shares of Advanced Micro Devices stock opened at $137.18 on Monday. The stock has a market capitalization of $222.62 billion, a price-to-earnings ratio of 123.59, a P/E/G ratio of 1.89 and a beta of 1.71. The company’s 50 day moving average price is $152.16 and its 200-day moving average price is $154.03. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations 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 business posted $0.53 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMD. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Piper Sandler reaffirmed an “overweight” rating and issued a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. TD Cowen lowered their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. One equities research 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 2.19 % 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 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.