Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% during the third quarter, Holdings Channel.com reports. The firm owned 21,093 shares of the semiconductor manufacturer’s stock after selling 141 shares during the period. Bar Harbor Wealth Management’s holdings in Advanced Micro Devices were worth $3,461,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMD. Tradewinds Capital Management LLC boosted its stake in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 71 shares in the last quarter. Semmax Financial Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares during the period. ZRC Wealth Management LLC grew its position in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $27,000. Finally, Valued Wealth Advisors LLC raised its position in Advanced Micro Devices by 70.7% in the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 70 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMD shares. TD Cowen upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Barclays decreased their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Citigroup boosted their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Piper Sandler boosted their price objective on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $156.25 on Friday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30. The business has a fifty day moving average of $153.43 and a 200-day moving average of $157.13. The stock has a market cap of $252.55 billion, a price-to-earnings ratio of 229.78, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.