Advanced Micro Devices, Inc. $AMD Stock Holdings Reduced by Versor Investments LP

Versor Investments LP lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 70.2% during the second quarter, HoldingsChannel.com reports. The firm owned 2,980 shares of the semiconductor manufacturer’s stock after selling 7,019 shares during the quarter. Versor Investments LP’s holdings in Advanced Micro Devices were worth $423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dogwood Wealth Management LLC grew its stake in Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Avion Wealth raised its holdings in shares of Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares in the last quarter. West Branch Capital LLC raised its holdings in shares of Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 214 shares in the last quarter. High Note Wealth LLC raised its holdings in shares of Advanced Micro Devices by 285.5% during the 2nd quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 197 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 136.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $39,000 after purchasing an additional 1,039 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,800 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the transaction, the executive vice president owned 125,505 shares in the company, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 274,118 shares of company stock worth $46,180,719. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $250.05 on Wednesday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market capitalization of $405.79 billion, a PE ratio of 143.71, a P/E/G ratio of 2.42 and a beta of 1.90. The stock has a 50-day simple moving average of $194.76 and a 200 day simple moving average of $156.06.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the firm posted $0.69 EPS. Advanced Micro Devices’s revenue for the quarter was up 31.7% on a year-over-year basis. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMD shares. Evercore ISI raised their price target on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Dbs Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Melius Research set a $300.00 price target on shares of Advanced Micro Devices in a report on Monday, October 6th. Mizuho raised their price target on shares of Advanced Micro Devices from $205.00 to $275.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Finally, Benchmark raised their price target on shares of Advanced Micro Devices from $210.00 to $270.00 and gave the company a “buy” rating in a report on Monday, October 6th. Three equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $237.32.

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.