Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,402,014 shares of the semiconductor manufacturer's stock after selling 117,901 shares during the period. Victory Capital Management Inc. owned 0.09% of Advanced Micro Devices worth $230,042,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cumberland Partners Ltd acquired a new stake in Advanced Micro Devices during the third quarter worth about $1,173,000. Prime Capital Investment Advisors LLC increased its position in shares of Advanced Micro Devices by 12.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 185,178 shares of the semiconductor manufacturer's stock worth $30,384,000 after acquiring an additional 20,143 shares in the last quarter. Savvy Advisors Inc. raised its stake in shares of Advanced Micro Devices by 17.7% in the 3rd quarter. Savvy Advisors Inc. now owns 6,406 shares of the semiconductor manufacturer's stock valued at $1,051,000 after acquiring an additional 963 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 12.6% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 24,606 shares of the semiconductor manufacturer's stock valued at $4,037,000 after acquiring an additional 2,761 shares in the last quarter. Finally, Proactive Wealth Strategies LLC purchased a new stake in Advanced Micro Devices during the 3rd quarter worth $883,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

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 firm has a market capitalization of $233.08 billion, a price-to-earnings ratio of 130.64, a P/E/G ratio of 2.05 and a beta of 1.71. The business has a 50 day moving average of $154.41 and a 200 day moving average of $155.52. Advanced Micro Devices, Inc. has a fifty-two week low of $116.00 and a fifty-two week high of $227.30. 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 quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's 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 sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 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 approximately $513,150,048.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction 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 directly 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 disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent research reports. Robert W. Baird reduced their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. Citigroup reduced their price target on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Truist Financial reduced their price target on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research report on Wednesday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, TD Cowen reduced 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 report on Wednesday, October 30th. One 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $192.79.

About Advanced Micro Devices

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.