Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lowered by Baillie Gifford & Co.

Baillie Gifford & Co. cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 16.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,001,808 shares of the semiconductor manufacturer's stock after selling 1,401,605 shares during the period. Advanced Micro Devices accounts for about 0.9% of Baillie Gifford & Co.'s investment portfolio, making the stock its 26th biggest position. Baillie Gifford & Co. owned approximately 0.43% of Advanced Micro Devices worth $1,148,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Creative Capital Management Investments LLC increased its stake in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 86 shares during the last quarter. ZRC Wealth Management LLC increased its position in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC raised its holdings in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 85 shares during the last quarter. Fairway Wealth LLC bought a new position in Advanced Micro Devices during the second quarter valued at about $27,000. Finally, Semmax Financial Advisors Inc. grew its position in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 139 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 293,347 shares of the company's stock, 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.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $5.30 during midday trading on Tuesday, reaching $142.05. 21,627,479 shares of the stock were exchanged, compared to its average volume of 55,811,336. The firm has a 50-day simple moving average of $154.41 and a two-hundred day simple moving average of $155.52. Advanced Micro Devices, Inc. has a twelve month low of $116.00 and a twelve month high of $227.30. The firm has a market cap of $230.52 billion, a price-to-earnings ratio of 130.64, a PEG ratio of 2.05 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 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 EPS for the quarter, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group cut their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Bank of America reaffirmed a "buy" rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Wedbush reissued an "outperform" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Piper Sandler reissued an "overweight" rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $192.79.

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.