Victory Capital Management Inc. Sells 208,168 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Victory Capital Management Inc. trimmed its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,252,338 shares of the semiconductor manufacturer’s stock after selling 208,168 shares during the quarter. Victory Capital Management Inc. owned 0.08% of Advanced Micro Devices worth $184,607,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Raymond James Financial Services Advisors Inc. grew its stake in shares of Advanced Micro Devices by 9.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 600,310 shares of the semiconductor manufacturer’s stock worth $61,724,000 after acquiring an additional 50,449 shares in the last quarter. Simon Quick Advisors LLC grew its stake in shares of Advanced Micro Devices by 16.2% during the 3rd quarter. Simon Quick Advisors LLC now owns 3,864 shares of the semiconductor manufacturer’s stock worth $397,000 after acquiring an additional 539 shares in the last quarter. Capital Advisors Inc. OK grew its stake in shares of Advanced Micro Devices by 5.4% during the 3rd quarter. Capital Advisors Inc. OK now owns 3,262 shares of the semiconductor manufacturer’s stock worth $335,000 after acquiring an additional 166 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Advanced Micro Devices by 63.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 67,210 shares of the semiconductor manufacturer’s stock worth $6,911,000 after acquiring an additional 26,081 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 53.4% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,683 shares of the semiconductor manufacturer’s stock valued at $1,098,000 after buying an additional 3,719 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $144.27 on Thursday. The business’s 50-day moving average price is $176.64 and its 200-day moving average price is $151.54. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The firm has a market capitalization of $233.16 billion, a price-to-earnings ratio of 212.16, a PEG ratio of 2.41 and a beta of 1.66. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.74% and a net margin of 4.89%. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on AMD. Mizuho cut their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday. Piper Sandler reissued an “overweight” rating and issued a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a report on Wednesday. DZ Bank reissued a “hold” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, March 7th. UBS Group cut their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Cantor Fitzgerald cut their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.62.

Insider Activity

In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.73% of the stock is currently owned by corporate insiders.

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.