Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Fortem Financial Group LLC

Fortem Financial Group LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,577 shares of the semiconductor manufacturer’s stock after selling 365 shares during the period. Fortem Financial Group LLC’s holdings in Advanced Micro Devices were worth $311,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMD. Savant Capital LLC raised its position in Advanced Micro Devices by 10.0% during the 2nd quarter. Savant Capital LLC now owns 22,851 shares of the semiconductor manufacturer’s stock worth $3,707,000 after buying an additional 2,082 shares during the last quarter. Chris Bulman Inc acquired a new position in Advanced Micro Devices during the second quarter valued at $81,000. Acadian Asset Management LLC boosted its holdings in Advanced Micro Devices by 196.6% in the second quarter. Acadian Asset Management LLC now owns 154,378 shares of the semiconductor manufacturer’s stock valued at $25,036,000 after purchasing an additional 102,328 shares during the last quarter. Ausdal Financial Partners Inc. raised its stake in shares of Advanced Micro Devices by 10.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 5,365 shares of the semiconductor manufacturer’s stock valued at $870,000 after buying an additional 528 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $204,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMD shares. Piper Sandler reiterated an “overweight” rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Citigroup lowered their price target on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. TD Cowen cut their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Bank of America lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Five investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $191.96.

Advanced Micro Devices Stock Up 3.3 %

NASDAQ AMD opened at $129.55 on Tuesday. The business’s fifty day simple moving average is $134.85 and its 200-day simple moving average is $147.64. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a market cap of $210.23 billion, a PE ratio of 116.71, a P/E/G ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $117.90 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,036 shares of company stock valued at $28,165,821 over the last quarter. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Company 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.