Clear Creek Financial Management LLC Sells 4,216 Shares of Advanced Micro Devices, Inc. $AMD

Clear Creek Financial Management LLC decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 30.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,601 shares of the semiconductor manufacturer’s stock after selling 4,216 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Advanced Micro Devices were worth $1,553,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMD. Norges Bank purchased a new stake in Advanced Micro Devices in the second quarter worth approximately $3,094,662,000. Jennison Associates LLC purchased a new stake in Advanced Micro Devices during the 3rd quarter valued at $626,826,000. Nordea Investment Management AB lifted its holdings in shares of Advanced Micro Devices by 203.7% during the 3rd quarter. Nordea Investment Management AB now owns 3,905,148 shares of the semiconductor manufacturer’s stock valued at $631,892,000 after buying an additional 2,619,294 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 56.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock worth $961,078,000 after buying an additional 2,430,533 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Advanced Micro Devices by 1.5% in the second 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 during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of several research reports. DA Davidson raised Advanced Micro Devices to a “hold” rating in a research report on Friday, February 13th. UBS Group set a $310.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Loop Capital set a $290.00 target price on shares of Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, November 5th. Benchmark reiterated a “buy” rating and issued a $325.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. Finally, TD Cowen reissued a “buy” rating on shares of Advanced Micro Devices in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $288.17.

Read Our Latest Research Report on AMD

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $214.36, for a total transaction of $26,795,000.00. Following the sale, the chief executive officer owned 3,152,476 shares in the company, valued at $675,764,755.36. This trade represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ava Hahn sold 2,442 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $234.42, for a total transaction of $572,453.64. Following the completion of the transaction, the senior vice president directly owned 16,359 shares in the company, valued at $3,834,876.78. This trade represents a 12.99% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 271,892 shares of company stock valued at $58,476,908. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $200.15 on Friday. The stock has a market cap of $326.33 billion, a PE ratio of 75.53, a price-to-earnings-growth ratio of 0.77 and a beta of 1.94. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The firm has a fifty day moving average price of $219.68 and a 200-day moving average price of $206.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.85 and a quick ratio of 2.01.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The company had revenue of $10.27 billion during the quarter, compared to the consensus estimate of $9.65 billion. During the same quarter in the prior year, the firm posted $1.09 EPS. Advanced Micro Devices’s quarterly revenue was up 34.1% compared to the same quarter last year. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Key Headlines Impacting Advanced Micro Devices

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

Advanced Micro Devices Company 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.

See Also

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.