IAM Advisory LLC Has $2.23 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

IAM Advisory LLC lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,736 shares of the semiconductor manufacturer’s stock after selling 212 shares during the period. Advanced Micro Devices accounts for 0.6% of IAM Advisory LLC’s portfolio, making the stock its 28th largest holding. IAM Advisory LLC’s holdings in Advanced Micro Devices were worth $2,228,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Advanced Micro Devices by 8.5% in the 4th quarter. International Assets Investment Management LLC now owns 25,354 shares of the semiconductor manufacturer’s stock valued at $3,737,000 after buying an additional 1,990 shares during the period. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $329,000. Impax Asset Management Group plc acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $693,000. Custom Index Systems LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $430,000. Finally, Sandy Spring Bank boosted its position in shares of Advanced Micro Devices by 2.0% during the 4th quarter. Sandy Spring Bank now owns 6,409 shares of the semiconductor manufacturer’s stock worth $945,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 1.5 %

Shares of Advanced Micro Devices stock traded down $2.05 during trading hours on Friday, reaching $134.27. The stock had a trading volume of 40,582,992 shares, compared to its average volume of 63,924,113. The company has a current ratio of 2.82, 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 firm has a market capitalization of $217.02 billion, a price-to-earnings ratio of 197.46, a P/E/G ratio of 1.79 and a beta of 1.69. The firm has a 50 day simple moving average of $156.96 and a two-hundred day simple moving average of $166.55.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. Advanced Micro Devices’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Roth Mkm lowered their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Mizuho reduced their price objective on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $193.45.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

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.