Vicus Capital Cuts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vicus Capital cut its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,447 shares of the semiconductor manufacturer’s stock after selling 67 shares during the period. Vicus Capital’s holdings in Advanced Micro Devices were worth $442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Morningstar Investment Services LLC bought a new stake in Advanced Micro Devices in the third quarter worth $214,000. Gotham Asset Management LLC lifted its stake in Advanced Micro Devices by 32.8% in the third quarter. Gotham Asset Management LLC now owns 48,028 shares of the semiconductor manufacturer’s stock worth $4,938,000 after purchasing an additional 11,868 shares during the last quarter. United Services Automobile Association lifted its stake in Advanced Micro Devices by 15.7% in the third quarter. United Services Automobile Association now owns 43,767 shares of the semiconductor manufacturer’s stock worth $4,500,000 after purchasing an additional 5,930 shares during the last quarter. Per Stirling Capital Management LLC. bought a new stake in Advanced Micro Devices in the third quarter worth $379,000. Finally, Lazard Asset Management LLC lifted its stake in Advanced Micro Devices by 1,296.7% in the third quarter. Lazard Asset Management LLC now owns 894,751 shares of the semiconductor manufacturer’s stock worth $91,997,000 after purchasing an additional 830,690 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 1.7 %

AMD traded up $2.74 during midday trading on Friday, reaching $162.21. The company’s stock had a trading volume of 56,204,617 shares, compared to its average volume of 48,393,012. The firm has a market capitalization of $262.18 billion, a price-to-earnings ratio of 238.55, a PEG ratio of 1.84 and a beta of 1.69. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The stock’s 50-day moving average is $159.12 and its 200-day moving average is $165.05.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.43 earnings per share. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Roth Mkm lowered their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Barclays upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Piper Sandler reaffirmed an “overweight” rating and set a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. TD Cowen upped their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Cantor Fitzgerald lowered their price objective on shares of Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. One equities research 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

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.