Counterweight Ventures LLC Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Counterweight Ventures LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,620 shares of the semiconductor manufacturer’s stock after selling 400 shares during the period. Counterweight Ventures LLC’s holdings in Advanced Micro Devices were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Hillsdale Investment Management Inc. grew its stake in Advanced Micro Devices by 21.9% during the first quarter. Hillsdale Investment Management Inc. now owns 1,669 shares of the semiconductor manufacturer’s stock valued at $301,000 after acquiring an additional 300 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Advanced Micro Devices by 13.9% in the first quarter. Bessemer Group Inc. now owns 24,004 shares of the semiconductor manufacturer’s stock worth $4,332,000 after purchasing an additional 2,931 shares during the period. Pitcairn Co. raised its position in shares of Advanced Micro Devices by 22.3% in the first quarter. Pitcairn Co. now owns 10,859 shares of the semiconductor manufacturer’s stock worth $1,960,000 after buying an additional 1,978 shares in the last quarter. InterOcean Capital Group LLC raised its position in shares of Advanced Micro Devices by 12.4% in the first quarter. InterOcean Capital Group LLC now owns 8,039 shares of the semiconductor manufacturer’s stock worth $1,451,000 after buying an additional 889 shares in the last quarter. Finally, Crewe Advisors LLC bought a new stake in Advanced Micro Devices during the first quarter valued at $7,494,000. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of research analyst reports. Roth Mkm restated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Friday, October 11th. Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and issued a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Finally, Truist Financial cut their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $137.80 on Tuesday. The company has a market cap of $223.62 billion, a P/E ratio of 125.16, a P/E/G ratio of 1.87 and a beta of 1.71. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm’s fifty day moving average is $154.53 and its two-hundred day moving average is $155.02.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Advanced Micro Devices Profile

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.