International Assets Investment Management LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 26.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,581 shares of the semiconductor manufacturer’s stock after selling 11,027 shares during the quarter. International Assets Investment Management LLC’s holdings in Advanced Micro Devices were worth $4,339,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in AMD. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. American Capital Advisory LLC boosted its holdings in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 130 shares during the last quarter. Dogwood Wealth Management LLC boosted its holdings in Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares during the last quarter. West Branch Capital LLC boosted its holdings in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 214 shares during the last quarter. Finally, Bear Mountain Capital Inc. lifted its stake in Advanced Micro Devices by 75.0% in the first quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
Advanced Micro Devices Price Performance
NASDAQ:AMD opened at $233.08 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $241.20. The firm has a market cap of $378.25 billion, a price-to-earnings ratio of 133.95, a P/E/G ratio of 2.32 and a beta of 1.90. The firm’s 50-day simple moving average is $175.96 and its 200 day simple moving average is $141.73. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.
Insider Activity
In other news, CEO Lisa T. Su sold 225,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,118 shares of company stock valued at $46,180,719. Company insiders own 0.06% of the company’s stock.
Analyst Ratings Changes
A number of analysts have commented on AMD shares. Dbs Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Wedbush increased their price target on shares of Advanced Micro Devices from $190.00 to $270.00 and gave the company an “outperform” rating in a research note on Wednesday. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price target for the company in a research note on Monday, June 23rd. Finally, Mizuho increased their price target on shares of Advanced Micro Devices from $205.00 to $275.00 and gave the company an “outperform” rating in a research note on Monday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $233.94.
Check Out Our Latest Stock Analysis on Advanced Micro Devices
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.
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