Advanced Micro Devices, Inc. $AMD Shares Sold by Broderick Brian C

Broderick Brian C lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,239 shares of the semiconductor manufacturer’s stock after selling 4,266 shares during the quarter. Advanced Micro Devices accounts for 3.1% of Broderick Brian C’s investment portfolio, making the stock its 8th largest position. Broderick Brian C’s holdings in Advanced Micro Devices were worth $16,379,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AMD. ORG Wealth Partners LLC grew its holdings in Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 46 shares during the last quarter. Koesten Hirschmann & Crabtree INC. lifted its position in shares of Advanced Micro Devices by 61.0% in the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 61 shares in the last quarter. Pinney & Scofield Inc. increased its position in Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares in the last quarter. Avion Wealth raised its stake in Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares during the last quarter. Finally, Evolution Wealth Management Inc. purchased a new position in Advanced Micro Devices in the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.6%

NASDAQ AMD opened at $203.37 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The company’s 50 day moving average price is $219.89 and its 200 day moving average price is $206.65. The firm has a market capitalization of $331.58 billion, a price-to-earnings ratio of 76.74, a PEG ratio of 0.75 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating 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 business had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. During the same quarter in the previous year, the business posted $1.09 EPS. The business’s quarterly revenue was up 34.1% on a year-over-year basis. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity

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 document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the completion of the transaction, the executive vice president owned 289,098 shares of the company’s stock, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 271,892 shares of company stock worth $58,476,908. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices News Summary

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

Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. Raymond James Financial assumed coverage on shares of Advanced Micro Devices in a research report on Thursday, November 20th. They issued an “outperform” rating and a $377.00 price objective for the company. CICC Research raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price target on the stock in a research note on Friday, November 7th. Mizuho increased their target price on Advanced Micro Devices from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 12th. Loop Capital set a $290.00 price target on Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Truist Financial set a $283.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $288.17.

Get Our Latest Stock Analysis on Advanced Micro Devices

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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