Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Cut by Hodges Capital Management Inc.

Hodges Capital Management Inc. lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 53.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,527 shares of the semiconductor manufacturer’s stock after selling 2,845 shares during the quarter. Hodges Capital Management Inc.’s holdings in Advanced Micro Devices were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMD. Dynamic Advisor Solutions LLC boosted its holdings in shares of Advanced Micro Devices by 9.6% in the second quarter. Dynamic Advisor Solutions LLC now owns 34,507 shares of the semiconductor manufacturer’s stock valued at $5,597,000 after acquiring an additional 3,010 shares in the last quarter. LVW Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 15.9% in the second quarter. LVW Advisors LLC now owns 2,053 shares of the semiconductor manufacturer’s stock valued at $333,000 after buying an additional 282 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Advanced Micro Devices by 7.9% during the second quarter. Sequoia Financial Advisors LLC now owns 53,228 shares of the semiconductor manufacturer’s stock valued at $8,634,000 after buying an additional 3,904 shares in the last quarter. Roman Butler Fullerton & Co. grew its holdings in Advanced Micro Devices by 5.3% during the second quarter. Roman Butler Fullerton & Co. now owns 4,063 shares of the semiconductor manufacturer’s stock worth $659,000 after acquiring an additional 206 shares during the period. Finally, Gemmer Asset Management LLC lifted its holdings in Advanced Micro Devices by 9.3% in the 2nd quarter. Gemmer Asset Management LLC now owns 2,269 shares of the semiconductor manufacturer’s stock valued at $368,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was 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 approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock worth $28,165,821 over the last three months. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $138.59 on Monday. 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 company’s 50-day simple moving average is $150.14 and its 200 day simple moving average is $153.22. The stock has a market cap of $224.90 billion, a P/E ratio of 124.86, a PEG ratio of 1.99 and a beta of 1.65. Advanced Micro Devices, Inc. has a twelve month low of $119.56 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during 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%. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 EPS. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on AMD shares. Benchmark restated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 31st. Edward Jones started coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating on the stock. Piper Sandler restated 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. Morgan Stanley reduced their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Finally, TD Cowen reduced their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $193.25.

Read Our Latest Report on Advanced Micro Devices

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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