Axxcess Wealth Management LLC Has $4.66 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Axxcess Wealth Management LLC trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,380 shares of the semiconductor manufacturer's stock after selling 3,399 shares during the period. Axxcess Wealth Management LLC's holdings in Advanced Micro Devices were worth $4,657,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMD. Vanguard Group Inc. increased its position in shares of Advanced Micro Devices by 1.6% in the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock worth $26,133,989,000 after acquiring an additional 2,349,288 shares in the last quarter. Legal & General Group Plc boosted its stake in Advanced Micro Devices by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer's stock worth $2,159,039,000 after purchasing an additional 188,580 shares during the period. Van ECK Associates Corp grew its position in Advanced Micro Devices by 11.3% during the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer's stock worth $1,471,128,000 after purchasing an additional 975,220 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Advanced Micro Devices by 42.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares during the period. Finally, GQG Partners LLC lifted its holdings in shares of Advanced Micro Devices by 5.0% in the first quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer's stock valued at $1,451,945,000 after purchasing an additional 382,582 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wedbush reissued an "outperform" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Evercore ISI increased their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Truist Financial decreased their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a report on Wednesday, July 31st. Susquehanna reiterated a "positive" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, TD Cowen decreased their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $192.79.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction on 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 transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.60 during midday trading on Monday, hitting $147.35. The stock had a trading volume of 29,808,092 shares, compared to its average volume of 37,325,324. The firm has a market capitalization of $239.12 billion, a price-to-earnings ratio of 132.75, a P/E/G ratio of 2.05 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a 50-day simple moving average of $154.44 and a 200 day simple moving average of $155.57. Advanced Micro Devices, Inc. has a 52 week low of $116.00 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts' consensus estimates of $0.92. The firm had revenue of $6.82 billion during 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% on a year-over-year basis. During the same period last year, the firm posted $0.53 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

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.