Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Cut by First Heartland Consultants Inc.

First Heartland Consultants Inc. cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 51.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,873 shares of the semiconductor manufacturer's stock after selling 5,168 shares during the quarter. First Heartland Consultants Inc.'s holdings in Advanced Micro Devices were worth $800,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Capital Management Investments LLC lifted its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC raised its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Morton Brown Family Wealth LLC boosted its position in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after purchasing an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new stake in Advanced Micro Devices in the second quarter valued at $27,000. Finally, Semmax Financial Advisors Inc. increased its position in shares of Advanced Micro Devices by 926.7% in 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 in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on AMD. Wedbush reiterated an "outperform" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. UBS Group lowered their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Susquehanna reissued a "positive" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Benchmark reaffirmed a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Finally, Piper Sandler reissued an "overweight" rating and set a $180.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $192.79.

Advanced Micro Devices Trading Down 3.0 %

AMD stock traded down $4.33 during midday trading on Wednesday, reaching $139.30. 35,033,673 shares of the company's stock traded hands, compared to its average volume of 55,770,762. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30. The business has a 50-day moving average price of $154.55 and a two-hundred day moving average price of $155.43. The company has a market capitalization of $226.06 billion, a P/E ratio of 126.79, a PEG ratio of 1.99 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its 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. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the business posted $0.53 EPS. The business's quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Lisa T. Su sold 80,000 shares of the business's 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Company insiders own 0.73% of the company's stock.

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.