Atria Investments Inc Sells 10,834 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Atria Investments Inc lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,113 shares of the semiconductor manufacturer's stock after selling 10,834 shares during the period. Atria Investments Inc's holdings in Advanced Micro Devices were worth $5,597,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AMD. Cherrydale Wealth Management LLC boosted its position in Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer's stock valued at $212,000 after acquiring an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock valued at $97,000 after purchasing an additional 60 shares during the last quarter. Delta Financial Group Inc. grew its position in shares of Advanced Micro Devices by 5.0% during the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer's stock valued at $215,000 after acquiring an additional 63 shares during the period. Trivant Custom Portfolio Group LLC grew its stake in shares of Advanced Micro Devices by 0.3% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer's stock valued at $3,995,000 after acquiring an additional 65 shares during the period. Finally, Wealth Effects LLC raised its holdings in Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after acquiring an additional 65 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Activity

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 transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD stock traded down $3.72 during trading on Tuesday, hitting $143.63. The company had a trading volume of 33,506,166 shares, compared to its average volume of 55,865,414. The stock has a market capitalization of $233.08 billion, a price-to-earnings ratio of 130.64, a price-to-earnings-growth ratio of 2.05 and a beta of 1.71. Advanced Micro Devices, Inc. has a 52 week low of $116.00 and a 52 week high of $227.30. 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's 50-day moving average is $154.41 and its two-hundred day moving average is $155.52.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly 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 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%. Advanced Micro Devices's quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMD. UBS Group lowered their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. 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 report on Wednesday, October 30th. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Citigroup decreased their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $192.79.

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.