Advanced Micro Devices, Inc. $AMD Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 5.9% during the 3rd quarter, Holdings Channel reports. The firm owned 187,392 shares of the semiconductor manufacturer’s stock after selling 11,742 shares during the period. Yousif Capital Management LLC’s holdings in Advanced Micro Devices were worth $30,318,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont grew its holdings in Advanced Micro Devices by 3.9% during the 3rd quarter. Trust Co. of Vermont now owns 5,424 shares of the semiconductor manufacturer’s stock valued at $878,000 after buying an additional 206 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Advanced Micro Devices by 115.6% in the third quarter. Farther Finance Advisors LLC now owns 51,717 shares of the semiconductor manufacturer’s stock valued at $8,367,000 after acquiring an additional 27,731 shares in the last quarter. Parcion Private Wealth LLC boosted its stake in shares of Advanced Micro Devices by 12.5% during the third quarter. Parcion Private Wealth LLC now owns 1,719 shares of the semiconductor manufacturer’s stock valued at $278,000 after acquiring an additional 191 shares during the last quarter. Precedent Wealth Partners LLC acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at $287,000. Finally, Berger Financial Group Inc raised its stake in Advanced Micro Devices by 1.1% in the 3rd quarter. Berger Financial Group Inc now owns 4,309 shares of the semiconductor manufacturer’s stock valued at $697,000 after purchasing an additional 48 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 0.7%

Shares of NASDAQ AMD opened at $214.95 on Tuesday. The stock has a market capitalization of $349.95 billion, a PE ratio of 106.41, a P/E/G ratio of 1.58 and a beta of 1.93. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The firm has a fifty day moving average of $229.70 and a 200-day moving average of $183.94. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The firm had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Roth Capital restated a “buy” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. The Goldman Sachs Group boosted their price target on Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Stifel Nicolaus increased their price target on Advanced Micro Devices from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, TD Cowen lifted their price objective on Advanced Micro Devices from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $277.06.

Read Our Latest Stock Report on AMD

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices 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 transaction, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 183,476 shares of company stock valued at $40,249,093. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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