Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 38.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,040,318 shares of the semiconductor manufacturer’s stock after selling 663,540 shares during the period. Korea Investment CORP owned approximately 0.06% of Advanced Micro Devices worth $118,503,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AMD. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Advanced Micro Devices by 336.0% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 168 shares in the last quarter. Tucker Asset Management LLC bought a new position in Advanced Micro Devices during the first quarter worth $31,000. Dividend Assets Capital LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $35,000. Private Ocean LLC lifted its position in shares of Advanced Micro Devices by 357.1% in the 2nd quarter. Private Ocean LLC now owns 320 shares of the semiconductor manufacturer’s stock worth $36,000 after buying an additional 250 shares during the last quarter. Finally, Samalin Investment Counsel LLC boosted its holdings in shares of Advanced Micro Devices by 112.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after buying an additional 180 shares during the period. 68.43% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 2.3 %

AMD traded down $2.74 during trading on Tuesday, reaching $118.79. 23,527,005 shares of the stock traded hands, compared to its average volume of 61,973,395. The stock has a market cap of $190.06 billion, a price-to-earnings ratio of 1,012.75, a price-to-earnings-growth ratio of 6.27 and a beta of 1.66. The stock’s 50-day simple moving average is $105.73 and its two-hundred day simple moving average is $109.56. Advanced Micro Devices, Inc. has a fifty-two week low of $60.05 and a fifty-two week high of $132.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.19 and a quick ratio of 1.61.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Advanced Micro Devices had a net margin of 0.94% and a return on equity of 5.61%. The firm had revenue of $5.80 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 1.92 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AMD. Morgan Stanley dropped their target price on Advanced Micro Devices from $138.00 to $128.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. Truist Financial reduced their target price on shares of Advanced Micro Devices from $128.00 to $98.00 and set a “hold” rating for the company in a research note on Wednesday, November 1st. Susquehanna raised their price target on shares of Advanced Micro Devices from $135.00 to $145.00 and gave the company a “positive” rating in a research note on Wednesday, August 2nd. Roth Mkm assumed coverage on Advanced Micro Devices in a report on Tuesday, November 14th. They set a “buy” rating and a $125.00 price target on the stock. Finally, UBS Group decreased their price objective on Advanced Micro Devices from $145.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.77.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total value of $1,586,989.82. Following the transaction, the executive vice president now owns 103,663 shares in the company, valued at approximately $11,010,047.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the transaction, the chief executive officer now owns 3,358,721 shares of the company’s stock, valued at $354,009,193.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 14,942 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the transaction, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The disclosure for this sale can be found here. Corporate 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 in four segments: 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.