Cerity Partners LLC Decreases Stock Position in Advanced Micro Devices, Inc. $AMD

Cerity Partners LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 632,282 shares of the semiconductor manufacturer’s stock after selling 26,725 shares during the quarter. Cerity Partners LLC’s holdings in Advanced Micro Devices were worth $89,747,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMD. Brighton Jones LLC grew its position in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after acquiring an additional 234 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Advanced Micro Devices in the first quarter worth approximately $365,000. Cynosure Group LLC grew its holdings in Advanced Micro Devices by 27.8% during the 1st quarter. Cynosure Group LLC now owns 3,634 shares of the semiconductor manufacturer’s stock worth $373,000 after acquiring an additional 790 shares in the last quarter. Finally, Fiduciary Family Office LLC acquired a new position in Advanced Micro Devices during the 1st quarter worth approximately $471,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In related news, SVP Ava Hahn sold 2,868 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. This represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president directly owned 300,348 shares in the company, valued at $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 75,676 shares of company stock valued at $16,124,589. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Up 0.9%

AMD opened at $217.97 on Monday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. The stock has a market capitalization of $354.86 billion, a P/E ratio of 107.91, a price-to-earnings-growth ratio of 1.61 and a beta of 1.93. The business’s 50-day simple moving average is $225.61 and its 200-day simple moving average is $176.25.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMD shares. Truist Financial restated a “buy” rating and issued a $279.00 price objective (up from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Wells Fargo & Company raised their price target on Advanced Micro Devices from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Wednesday, November 12th. Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. KGI Securities set a $260.00 price objective on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Monday, October 13th. Finally, Wolfe Research set a $300.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $278.54.

Advanced Micro Devices Company 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.