Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Reduced by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 39.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,520 shares of the semiconductor manufacturer's stock after selling 76,872 shares during the period. Los Angeles Capital Management LLC's holdings in Advanced Micro Devices were worth $19,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Capital Management Investments LLC lifted its holdings in Advanced Micro Devices by 124.6% in the third 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 grew its position 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 valued at $26,000 after buying an additional 75 shares during the period. Morton Brown Family Wealth LLC increased its holdings in 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 buying an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $27,000. Finally, Semmax Financial Advisors Inc. increased its stake in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after purchasing an additional 139 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, 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 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 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 accessible through the SEC website. In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business'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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This 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.

Analyst Ratings Changes

Several analysts have commented on the company. Roth Mkm reissued a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Susquehanna reissued a "positive" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Bank of America reaffirmed a "buy" rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Truist Financial decreased their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. Finally, Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set 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. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $192.79.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $0.60 during midday trading on Monday, hitting $147.35. The stock had a trading volume of 29,808,092 shares, compared to its average volume of 37,325,324. The company has a market capitalization of $239.12 billion, a PE ratio of 132.75, a P/E/G ratio of 2.05 and a beta of 1.71. Advanced Micro Devices, Inc. has a 1 year low of $116.00 and a 1 year high of $227.30. The stock has a 50 day moving average price of $154.44 and a two-hundred day moving average price of $155.57. 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 issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the prior year, the business posted $0.53 EPS. The company's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal 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.