Advanced Micro Devices, Inc. $AMD Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 72.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,514 shares of the semiconductor manufacturer’s stock after selling 6,563 shares during the period. Bar Harbor Wealth Management’s holdings in Advanced Micro Devices were worth $407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. RFG Holdings Inc. raised its stake in shares of Advanced Micro Devices by 24.1% during the 3rd quarter. RFG Holdings Inc. now owns 12,292 shares of the semiconductor manufacturer’s stock valued at $1,989,000 after buying an additional 2,385 shares during the last quarter. Enterprise Financial Services Corp grew its holdings in Advanced Micro Devices by 10.1% during the third quarter. Enterprise Financial Services Corp now owns 1,607 shares of the semiconductor manufacturer’s stock worth $260,000 after acquiring an additional 147 shares during the period. Harbor Capital Advisors Inc. raised its position in Advanced Micro Devices by 2.7% during the third quarter. Harbor Capital Advisors Inc. now owns 35,837 shares of the semiconductor manufacturer’s stock valued at $5,798,000 after acquiring an additional 949 shares in the last quarter. Norden Group LLC lifted its holdings in Advanced Micro Devices by 31.5% in the third quarter. Norden Group LLC now owns 16,402 shares of the semiconductor manufacturer’s stock valued at $2,654,000 after acquiring an additional 3,932 shares during the period. Finally, Brady Martz Wealth Solutions LLC lifted its holdings in Advanced Micro Devices by 2.4% in the third quarter. Brady Martz Wealth Solutions LLC now owns 4,658 shares of the semiconductor manufacturer’s stock valued at $754,000 after acquiring an additional 109 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. Roth Capital reaffirmed a “buy” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. KGI Securities set a $260.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, October 13th. Melius Research set a $380.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Loop Capital set a $290.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Cantor Fitzgerald set a $300.00 price target on Advanced Micro Devices in a research note on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $277.06.

Read Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Down 0.0%

AMD stock opened at $214.80 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $228.77 and a two-hundred day moving average of $185.06. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The company has a market cap of $349.69 billion, a price-to-earnings ratio of 106.33, a PEG ratio of 1.59 and a beta of 1.93.

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

Insider Buying and Selling

In other Advanced Micro Devices news, 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 value of $4,461,246.50. Following the completion of the sale, the executive vice president directly owned 300,348 shares of the company’s stock, valued at $68,890,820.76. This trade represents a 6.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. This represents a 0.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 181,226 shares of company stock valued at $39,877,820 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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

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