Comprehensive Financial Consultants Institutional Inc. Decreases Stock Holdings in Advanced Micro Devices, Inc. $AMD

Comprehensive Financial Consultants Institutional Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,917 shares of the semiconductor manufacturer’s stock after selling 2,659 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Advanced Micro Devices were worth $2,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Advanced Micro Devices in the second quarter valued at about $3,094,662,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at about $958,422,000. Parnassus Investments LLC raised its holdings in shares of Advanced Micro Devices by 47,883.5% during the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after buying an additional 4,133,785 shares during the period. Rafferty Asset Management LLC raised its holdings in shares of Advanced Micro Devices by 56.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock valued at $961,078,000 after buying an additional 2,430,533 shares during the period. Finally, Vanguard Group Inc. lifted its position in Advanced Micro Devices by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer’s stock worth $21,944,673,000 after acquiring an additional 2,281,508 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of several recent research reports. Mizuho increased their price objective on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Evercore ISI upped their target price on shares of Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Seaport Res Ptn downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Wedbush reiterated an “outperform” rating and issued a $290.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $277.06.

Advanced Micro Devices Stock Down 0.0%

Advanced Micro Devices stock opened at $214.99 on Friday. The firm has a market capitalization of $350.01 billion, a P/E ratio of 106.43, a P/E/G ratio of 1.59 and a beta of 1.93. The company has a 50-day simple moving average of $228.40 and a 200-day simple moving average of $185.71. 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.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. Advanced Micro Devices’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the transaction, the chief executive officer owned 3,277,476 shares in the company, valued at $705,116,186.64. This represents a 3.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the sale, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 181,226 shares of company stock worth $39,877,820. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Company Profile

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.