Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd decreased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 608,000 shares of the semiconductor manufacturer's stock after selling 113,000 shares during the period. Clal Insurance Enterprises Holdings Ltd's holdings in Advanced Micro Devices were worth $99,761,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. EntryPoint Capital LLC raised its position in Advanced Micro Devices by 81.9% in the first quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer's stock valued at $62,000 after purchasing an additional 154 shares during the last quarter. 1832 Asset Management L.P. grew its position in shares of Advanced Micro Devices by 70.6% in the 1st quarter. 1832 Asset Management L.P. now owns 137,102 shares of the semiconductor manufacturer's stock valued at $24,746,000 after buying an additional 56,736 shares during the last quarter. Steel Grove Capital Advisors LLC bought a new position in shares of Advanced Micro Devices during the first quarter worth about $273,000. Kestra Advisory Services LLC raised its position in shares of Advanced Micro Devices by 36.5% during the first quarter. Kestra Advisory Services LLC now owns 118,228 shares of the semiconductor manufacturer's stock worth $21,339,000 after acquiring an additional 31,644 shares during the last quarter. Finally, Bamco Inc. NY boosted its holdings in Advanced Micro Devices by 9.3% in the first quarter. Bamco Inc. NY now owns 237,143 shares of the semiconductor manufacturer's stock valued at $42,802,000 after acquiring an additional 20,145 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction 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 directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business'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 disclosure for this sale can be found here. Company insiders own 0.73% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AMD. Evercore ISI increased their price target on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. StockNews.com downgraded shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. TD Cowen cut their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Finally, Edward Jones assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.79.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $0.86 during mid-day trading on Friday, reaching $138.35. The stock had a trading volume of 21,784,728 shares, compared to its average volume of 37,515,284. The stock has a market capitalization of $224.52 billion, a P/E ratio of 124.64, a P/E/G ratio of 1.90 and a beta of 1.71. The firm has a 50 day moving average price of $153.67 and a two-hundred day moving average price of $154.58. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a one year low of $116.37 and a one year high of $227.30.

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 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 firm's quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

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.