Modus Advisors LLC Sells 1,920 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Modus Advisors LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 62.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,170 shares of the semiconductor manufacturer’s stock after selling 1,920 shares during the quarter. Modus Advisors LLC’s holdings in Advanced Micro Devices were worth $141,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. TIAA Trust National Association lifted its holdings in Advanced Micro Devices by 1.2% during the second quarter. TIAA Trust National Association now owns 23,923 shares of the semiconductor manufacturer’s stock worth $3,881,000 after acquiring an additional 289 shares during the period. Hodges Capital Management Inc. raised its holdings in shares of Advanced Micro Devices by 140.0% in the 2nd quarter. Hodges Capital Management Inc. now owns 5,372 shares of the semiconductor manufacturer’s stock worth $871,000 after purchasing an additional 3,134 shares during the period. Pursue Wealth Partners LLC grew its holdings in Advanced Micro Devices by 242.3% during the second quarter. Pursue Wealth Partners LLC now owns 17,704 shares of the semiconductor manufacturer’s stock valued at $2,872,000 after purchasing an additional 12,532 shares during the period. Stablepoint Partners LLC increased its position in Advanced Micro Devices by 4.1% in the second quarter. Stablepoint Partners LLC now owns 8,622 shares of the semiconductor manufacturer’s stock worth $1,399,000 after buying an additional 338 shares during the last quarter. Finally, Mayflower Financial Advisors LLC raised its stake in shares of Advanced Micro Devices by 34.9% in the second quarter. Mayflower Financial Advisors LLC now owns 7,202 shares of the semiconductor manufacturer’s stock valued at $1,168,000 after buying an additional 1,864 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 1.0 %

NASDAQ AMD traded up $1.25 during midday trading on Friday, hitting $121.88. 9,291,330 shares of the company traded hands, compared to its average volume of 20,430,488. Advanced Micro Devices, Inc. has a 52 week low of $117.90 and a 52 week high of $227.30. The company’s 50-day simple moving average is $136.07 and its 200-day simple moving average is $148.19. The company has a market cap of $197.79 billion, a PE ratio of 109.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. 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 (NASDAQ:AMD) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % 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 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMD. Citigroup lowered their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Bank of America lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. TD Cowen dropped 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. 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. Finally, Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $191.96.

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.