InTrack Investment Management Inc lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 35.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,615 shares of the semiconductor manufacturer’s stock after selling 875 shares during the period. InTrack Investment Management Inc’s holdings in Advanced Micro Devices were worth $229,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA grew its stake 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 period. American Capital Advisory LLC boosted its holdings in Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Kozak & Associates Inc. boosted its holdings in Advanced Micro Devices by 67.6% in the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock worth $29,000 after acquiring an additional 123 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings 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 worth $30,000 after acquiring an additional 208 shares in the last quarter. Finally, West Branch Capital LLC boosted its holdings in Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 214 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
Advanced Micro Devices Stock Performance
Shares of Advanced Micro Devices stock opened at $235.56 on Thursday. The business’s fifty day simple moving average is $168.34 and its 200 day simple moving average is $135.71. The firm has a market capitalization of $382.28 billion, a P/E ratio of 135.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.90. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $235.87. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.
Insiders Place Their Bets
In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the sale, the executive vice president directly owned 311,598 shares of the company’s stock, valued at $51,416,785.98. This trade represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 225,000 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 275,316 shares of company stock valued at $45,203,045. Company insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
AMD has been the topic of several recent research reports. Bank of America increased their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Dbs Bank upgraded Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday. Weiss Ratings lowered Advanced Micro Devices from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Morgan Stanley increased their price target on Advanced Micro Devices from $168.00 to $246.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Susquehanna increased their price target on Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a report on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $217.70.
Read Our Latest Stock Analysis on Advanced Micro Devices
About Advanced Micro Devices
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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