Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Lessened by IronBridge Private Wealth LLC

IronBridge Private Wealth LLC decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,105 shares of the semiconductor manufacturer’s stock after selling 1,868 shares during the period. Advanced Micro Devices makes up 2.5% of IronBridge Private Wealth LLC’s portfolio, making the stock its 12th largest holding. IronBridge Private Wealth LLC’s holdings in Advanced Micro Devices were worth $6,745,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Harmony Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 90.3% in the third quarter. Harmony Asset Management LLC now owns 4,333 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 2,056 shares during the period. Cinctive Capital Management LP bought a new stake in Advanced Micro Devices during the 3rd quarter valued at $4,426,000. Cladis Investment Advisory LLC grew its stake in Advanced Micro Devices by 5.1% in the 3rd quarter. Cladis Investment Advisory LLC now owns 8,246 shares of the semiconductor manufacturer’s stock worth $1,353,000 after buying an additional 400 shares in the last quarter. Clear Street Derivatives LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $110,496,000. Finally, Coastwise Capital Group LLC grew its stake in Advanced Micro Devices by 36.9% in the third quarter. Coastwise Capital Group LLC now owns 2,613 shares of the semiconductor manufacturer’s stock worth $429,000 after purchasing an additional 704 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 28th. Finally, UBS Group cut their target price 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Up 3.6 %

Shares of NASDAQ AMD opened at $142.06 on Tuesday. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a market cap of $230.54 billion, a PE ratio of 127.98, a P/E/G ratio of 1.89 and a beta of 1.66. The company’s fifty day simple moving average is $152.16 and its 200 day simple moving average is $154.03.

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

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.