Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Decreased by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 100,440 shares of the semiconductor manufacturer’s stock after selling 375 shares during the period. Advanced Micro Devices makes up about 3.1% of Shikiar Asset Management Inc.’s holdings, making the stock its 8th biggest holding. Shikiar Asset Management Inc.’s holdings in Advanced Micro Devices were worth $10,982,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of AMD. MBM Wealth Consultants LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $25,000. AlphaCentric Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $32,000. First Command Financial Services Inc. purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $34,000. Delos Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 95.8% in the 4th quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock worth $34,000 after buying an additional 115 shares during the last quarter. Finally, Level Financial Advisors Inc. purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $36,000. Institutional investors own 69.61% of the company’s stock.

AMD has been the topic of several recent analyst reports. Craig Hallum cut their target price on Advanced Micro Devices from $160.00 to $130.00 in a research note on Wednesday, May 4th. downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. Piper Sandler upgraded Advanced Micro Devices from a “neutral” rating to an “overweight” rating and increased their target price for the company from $98.00 to $140.00 in a research note on Tuesday, May 17th. Morgan Stanley initiated coverage on Advanced Micro Devices in a research note on Wednesday. They set an “overweight” rating and a $103.00 target price on the stock. Finally, Wedbush reiterated an “outperform” rating and set a $165.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, June 8th. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.79.

Shares of Advanced Micro Devices stock opened at $83.75 on Thursday. Advanced Micro Devices, Inc. has a one year low of $79.43 and a one year high of $164.46. The stock’s fifty day moving average is $93.31 and its 200 day moving average is $112.60. The stock has a market cap of $135.72 billion, a P/E ratio of 31.13, a P/E/G ratio of 0.64 and a beta of 1.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.96 and a current ratio of 2.40.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The semiconductor manufacturer reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.19. The business had revenue of $5.89 billion for the quarter, compared to analysts’ expectations of $5.57 billion. Advanced Micro Devices had a return on equity of 20.66% and a net margin of 17.98%. The business’s quarterly revenue was up 70.9% on a year-over-year basis. During the same period last year, the firm earned $0.47 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 4.01 EPS for the current year.

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 20,180 shares of the firm’s stock in a transaction dated Wednesday, March 30th. The stock was sold at an average price of $125.00, for a total transaction of $2,522,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Edward Caldwell sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $109.28, for a total value of $1,092,800.00. Following the transaction, the director now owns 4,672 shares of the company’s stock, valued at approximately $510,556.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,146 shares of company stock worth $8,560,700. Insiders own 1.00% of the company’s stock.

Advanced Micro Devices Company Profile (Get Rating)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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

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