Aptus Capital Advisors LLC Has $5.26 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aptus Capital Advisors LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 52.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,052 shares of the semiconductor manufacturer's stock after selling 35,709 shares during the quarter. Aptus Capital Advisors LLC's holdings in Advanced Micro Devices were worth $5,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cumberland Partners Ltd bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at about $1,173,000. Prime Capital Investment Advisors LLC grew its position in shares of Advanced Micro Devices by 12.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 185,178 shares of the semiconductor manufacturer's stock worth $30,384,000 after buying an additional 20,143 shares during the period. Savvy Advisors Inc. grew its stake in shares of Advanced Micro Devices by 17.7% in the third quarter. Savvy Advisors Inc. now owns 6,406 shares of the semiconductor manufacturer's stock worth $1,051,000 after acquiring an additional 963 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in shares of Advanced Micro Devices by 12.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 24,606 shares of the semiconductor manufacturer's stock worth $4,037,000 after purchasing an additional 2,761 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $883,000. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $4.33 during trading on Wednesday, hitting $139.30. The stock had a trading volume of 35,033,673 shares, compared to its average volume of 55,770,762. Advanced Micro Devices, Inc. has a 1 year low of $116.37 and a 1 year high of $227.30. The stock's 50 day moving average is $154.55 and its two-hundred day moving average is $155.43. 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 stock has a market cap of $226.06 billion, a price-to-earnings ratio of 126.79, a price-to-earnings-growth ratio of 1.99 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company's quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Analyst Ratings Changes

AMD has been the subject of a number of analyst reports. Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They set a "buy" rating for the company. Bank of America reissued a "buy" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Cantor Fitzgerald restated an "overweight" rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Truist Financial decreased their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a research note on Wednesday, July 31st. Finally, Citigroup cut their target price on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus target price of $192.79.

Insider Transactions at Advanced Micro Devices

In other 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 value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company's stock.

About Advanced Micro Devices

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.