International Assets Investment Management LLC Sells 7,824,859 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

International Assets Investment Management LLC decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 99.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 36,050 shares of the semiconductor manufacturer’s stock after selling 7,824,859 shares during the period. International Assets Investment Management LLC’s holdings in Advanced Micro Devices were worth $4,349,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Park National Corp OH boosted its holdings in Advanced Micro Devices by 87.1% during the 4th quarter. Park National Corp OH now owns 2,683 shares of the semiconductor manufacturer’s stock valued at $324,000 after acquiring an additional 1,249 shares during the period. Norway Savings Bank grew its holdings in shares of Advanced Micro Devices by 2.9% in the fourth quarter. Norway Savings Bank now owns 12,612 shares of the semiconductor manufacturer’s stock worth $1,523,000 after purchasing an additional 358 shares during the last quarter. Bank of New Hampshire increased its stake in Advanced Micro Devices by 1.5% in the 4th quarter. Bank of New Hampshire now owns 9,802 shares of the semiconductor manufacturer’s stock worth $1,184,000 after buying an additional 148 shares during the period. Canandaigua National Bank & Trust Co. lifted its holdings in Advanced Micro Devices by 72.5% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 5,712 shares of the semiconductor manufacturer’s stock valued at $690,000 after buying an additional 2,400 shares in the last quarter. Finally, Capital Market Strategies LLC boosted its position in Advanced Micro Devices by 20.7% in the 4th quarter. Capital Market Strategies LLC now owns 5,511 shares of the semiconductor manufacturer’s stock valued at $666,000 after buying an additional 947 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, 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 value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD traded down $6.11 during trading hours on Wednesday, hitting $121.22. 16,098,498 shares of the stock were exchanged, compared to its average volume of 33,724,996. The stock’s 50-day moving average price is $134.07 and its two-hundred day moving average price is $147.40. Advanced Micro Devices, Inc. has a 12-month low of $117.90 and a 12-month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company has a market cap of $196.72 billion, a price-to-earnings ratio of 109.21, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Monday. Piper Sandler reaffirmed 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. Roth Mkm reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Barclays lowered their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Finally, Morgan Stanley cut their price objective on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $187.86.

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.