Parsons Capital Management Inc. RI Has $3.05 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Parsons Capital Management Inc. RI decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 25,276 shares of the semiconductor manufacturer's stock after selling 6,659 shares during the period. Parsons Capital Management Inc. RI's holdings in Advanced Micro Devices were worth $3,053,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in Advanced Micro Devices by 5.7% in the 2nd quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer's stock valued at $47,782,000 after buying an additional 15,975 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Advanced Micro Devices by 0.3% in the second quarter. Mackenzie Financial Corp now owns 201,976 shares of the semiconductor manufacturer's stock valued at $32,763,000 after purchasing an additional 594 shares during the last quarter. MidWestOne Financial Group Inc. increased its stake in shares of Advanced Micro Devices by 7.4% in the second quarter. MidWestOne Financial Group Inc. now owns 1,247 shares of the semiconductor manufacturer's stock worth $202,000 after purchasing an additional 86 shares during the period. Ascent Group LLC lifted its position in shares of Advanced Micro Devices by 9.2% during the 2nd quarter. Ascent Group LLC now owns 24,401 shares of the semiconductor manufacturer's stock worth $3,958,000 after purchasing an additional 2,053 shares during the last quarter. Finally, Aviso Wealth Management boosted its stake in Advanced Micro Devices by 9.8% during the 2nd quarter. Aviso Wealth Management now owns 4,001 shares of the semiconductor manufacturer's stock valued at $649,000 after purchasing an additional 358 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the firm'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 sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction on 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 transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 in the last ninety days. Company insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. TD Cowen decreased their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, January 13th. StockNews.com lowered Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th. Wolfe Research downgraded shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Finally, Piper Sandler restated an "overweight" rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target of $176.33.

Advanced Micro Devices Trading Down 6.3 %

Shares of NASDAQ:AMD traded down $7.79 during trading on Monday, hitting $115.05. 60,841,785 shares of the company's stock were exchanged, compared to its average volume of 39,229,813. The firm has a 50-day moving average price of $128.12 and a two-hundred day moving average price of $143.21. Advanced Micro Devices, Inc. has a 1-year low of $112.80 and a 1-year high of $227.30. The firm has a market cap of $186.71 billion, a P/E ratio of 103.65, a PEG ratio of 1.09 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly 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. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $0.53 EPS. The firm's revenue was up 17.6% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 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.