Yousif Capital Management LLC trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 0.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 199,134 shares of the semiconductor manufacturer’s stock after selling 569 shares during the period. Yousif Capital Management LLC’s holdings in Advanced Micro Devices were worth $28,257,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Tritonpoint Wealth LLC lifted its position in shares of Advanced Micro Devices by 2.6% in the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after acquiring an additional 72 shares in the last quarter. Scott & Selber Inc. lifted its position in Advanced Micro Devices by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock worth $1,485,000 after buying an additional 73 shares in the last quarter. Sandy Cove Advisors LLC lifted its position in Advanced Micro Devices by 1.4% in the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after buying an additional 75 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its position in Advanced Micro Devices by 3.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 2,682 shares of the semiconductor manufacturer’s stock worth $381,000 after buying an additional 85 shares in the last quarter. Finally, SLT Holdings LLC lifted its position in Advanced Micro Devices by 4.3% in the 2nd quarter. SLT Holdings LLC now owns 2,156 shares of the semiconductor manufacturer’s stock worth $306,000 after buying an additional 88 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices Stock Performance
NASDAQ:AMD opened at $214.76 on Monday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $240.10. The firm’s fifty day simple moving average is $170.33 and its 200 day simple moving average is $137.63. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $348.52 billion, a PE ratio of 123.42, a PEG ratio of 2.52 and a beta of 1.90.
Insider Buying and Selling
In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm’s stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares in the company, valued at $51,416,785.98. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,316 shares of company stock worth $45,203,045. 0.06% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
AMD has been the subject of a number of research analyst reports. Seaport Res Ptn downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Roth Capital set a $250.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Monday, October 6th. Stifel Nicolaus set a $240.00 price target on shares of Advanced Micro Devices in a report on Monday, October 6th. Piper Sandler restated an “overweight” rating and set a $240.00 price target on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Finally, Rosenblatt Securities raised their price target on shares of Advanced Micro Devices from $200.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.25.
Get Our Latest Research Report on Advanced Micro Devices
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.
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