Country Club Bank Sells 5,915 Shares of Advanced Micro Devices, Inc. $AMD

Country Club Bank decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,519 shares of the semiconductor manufacturer’s stock after selling 5,915 shares during the period. Country Club Bank’s holdings in Advanced Micro Devices were worth $5,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Advisory LLC boosted its holdings in Advanced Micro Devices by 1.4% during the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock worth $606,000 after acquiring an additional 57 shares during the last quarter. King Wealth Management Group lifted its position in shares of Advanced Micro Devices by 2.1% during the second quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $428,000 after purchasing an additional 62 shares in the last quarter. Synergy Financial Group LTD boosted its holdings in Advanced Micro Devices by 2.0% during the second quarter. Synergy Financial Group LTD now owns 3,309 shares of the semiconductor manufacturer’s stock worth $470,000 after purchasing an additional 64 shares during the last quarter. Tortoise Investment Management LLC grew its position in Advanced Micro Devices by 14.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer’s stock worth $71,000 after purchasing an additional 65 shares in the last quarter. Finally, Tritonpoint Wealth LLC increased its stake in Advanced Micro Devices by 2.6% in the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock valued at $405,000 after buying an additional 72 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the sale, the chief executive officer owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 183,476 shares of company stock valued at $40,249,093 over the last ninety days. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $198.16 on Thursday. The business has a fifty day moving average price of $230.39 and a 200-day moving average price of $181.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The firm has a market capitalization of $322.62 billion, a P/E ratio of 98.10, a PEG ratio of 1.55 and a beta of 1.93.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AMD shares. Stifel Nicolaus boosted their target price on Advanced Micro Devices from $240.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group boosted their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Bank of America reaffirmed a “buy” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Wolfe Research set a $300.00 target price on Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Piper Sandler restated an “overweight” rating and set a $280.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $277.11.

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.