Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,533 shares of the semiconductor manufacturer’s stock after selling 374 shares during the period. Janney Montgomery Scott LLC’s holdings in Advanced Micro Devices were worth $31,321,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV increased its position in shares of Advanced Micro Devices by 1.3% in the third quarter. Mercer Global Advisors Inc. ADV now owns 126,208 shares of the semiconductor manufacturer’s stock valued at $12,977,000 after buying an additional 1,562 shares in the last quarter. Townsquare Capital LLC increased its holdings in Advanced Micro Devices by 90.6% during the 3rd quarter. Townsquare Capital LLC now owns 131,542 shares of the semiconductor manufacturer’s stock valued at $13,525,000 after acquiring an additional 62,519 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in Advanced Micro Devices by 2.6% during the 3rd quarter. Belpointe Asset Management LLC now owns 16,478 shares of the semiconductor manufacturer’s stock valued at $1,694,000 after acquiring an additional 417 shares in the last quarter. VitalStone Financial LLC raised its position in Advanced Micro Devices by 1,265.8% during the third quarter. VitalStone Financial LLC now owns 8,017 shares of the semiconductor manufacturer’s stock worth $824,000 after acquiring an additional 7,430 shares during the last quarter. Finally, Orion Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 8.8% in the third quarter. Orion Capital Management LLC now owns 5,157 shares of the semiconductor manufacturer’s stock valued at $530,000 after purchasing an additional 415 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. TD Cowen lifted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Roth Mkm decreased their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Finally, Susquehanna boosted their price objective on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $190.83.

Advanced Micro Devices Stock Up 4.9 %

NASDAQ:AMD traded up $8.00 during trading hours on Friday, hitting $171.90. The stock had a trading volume of 61,857,052 shares, compared to its average volume of 44,000,656. The company has a market cap of $277.84 billion, a PE ratio of 252.80, a price-to-earnings-growth ratio of 1.89 and a beta of 1.68. The business has a 50 day simple moving average of $160.28 and a two-hundred day simple moving average of $165.76. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. 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 (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business earned $0.43 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s 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 approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.65% of the stock is currently owned by company insiders.

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.