Insight Advisors LLC PA trimmed its position in shares of $Advanced Micro Devices(AMD)$ by 26.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,626 shares of the semiconductor manufacturer's stock after selling 8,490 shares during the quarter. Insight Advisors LLC PA's holdings in Advanced Micro Devices were worth $1,497,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. SouthState Corp boosted its stake in shares of Advanced Micro Devices by 234.5% during the third quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 272 shares in the last quarter. TD Capital Management LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth about $27,000. Mine & Arao Wealth Creation & Management LLC. raised its position in shares of Advanced Micro Devices by 1,915.8% during the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 364 shares during the last quarter. Finally, IAG Wealth Partners LLC raised its position in shares of Advanced Micro Devices by 189.9% during the third quarter. IAG Wealth Partners LLC now owns 458 shares of the semiconductor manufacturer's stock worth $29,000 after acquiring an additional 300 shares during the last quarter. 67.17% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Advanced Micro Devices news, EVPRick Bergmansold 3,000 shares of the business's stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $85.88, for a total value of $257,640.00. Following the sale, the executive vice president now directly owns 155,232 shares in the company, valued at $13,331,324.16. The sale was disclosed in a filing with the SEC, which is accessible throughthis link. In related news, EVP Mark D. Papermaster sold 30,000 shares of the business's stock in a transaction on Monday, March 6th. The stock was sold at an average price of $81.69, for a total transaction of $2,450,700.00. Following the sale, the executive vice president now directly owns 1,516,945 shares in the company, valued at approximately $123,919,237.05. The transaction was disclosed in a filing with the SEC, which is accessible throughthe SEC website. Also, EVPRick Bergmansold 3,000 shares of the business's stock in a transaction on Thursday, February 9th. The shares were sold at an average price of $85.88, for a total value of $257,640.00. Following the sale, the executive vice president now owns 155,232 shares in the company, valued at $13,331,324.16. The disclosure for this sale can be foundhere. Over the last quarter, insiders have sold 63,000 shares of company stock valued at $5,264,040. Insiders own 1.00% of the company's stock.
Advanced Micro Devices Stock Performance
AMD stocktraded down $0.07 during midday trading on Wednesday, hitting $87.38. The company's stock had a trading volume of 44,016,255 shares, compared to its average volume of 58,087,988. The stock's 50-day moving average price is $77.51 and its 200 day moving average price is $71.96. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $125.67. The stock has a market cap of $140.80 billion, a price-to-earnings ratio of 99.38, a PEG ratio of 5.01 and a beta of 1.95.
Advanced Micro Devices (NASDAQ:AMD-Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02. Advanced Micro Devices had a return on equity of 8.52% and a net margin of 5.59%. The business had revenue of $5.60 billion for the quarter, compared to analysts' expectations of $5.52 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business's revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.41 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on AMD shares. Morgan Stanley started coverage on Advanced Micro Devices in a research report on Wednesday, February 1st. They set a "buy" rating and a $87.00 price objective for the company. Craig Hallum downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $76.00 price objective for the company. in a research report on Wednesday, February 1st. Citigroup lifted their target price on Advanced Micro Devices from $65.00 to $76.00 and gave the stock a "neutral" rating in a report on Thursday, February 2nd. Sanford C. Bernstein downgraded Advanced Micro Devices from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $95.00 to $80.00 in a report on Tuesday, January 24th. Finally, KeyCorp lifted their target price on Advanced Micro Devices from $80.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued 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 a consensus price target of $93.60.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
source：marketbeat
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