Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by RFG Advisory LLC

RFG Advisory LLC reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 49.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,483 shares of the semiconductor manufacturer’s stock after selling 3,365 shares during the period. RFG Advisory LLC’s holdings in Advanced Micro Devices were worth $629,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AMD. Addison Advisors LLC increased its stake in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 62 shares in the last quarter. Schear Investment Advisers LLC increased its stake in Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after purchasing an additional 64 shares in the last quarter. Fiduciary Group LLC increased its stake in Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 65 shares in the last quarter. Integrated Advisors Network LLC increased its stake in Advanced Micro Devices by 0.3% in the 4th quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock worth $2,793,000 after purchasing an additional 65 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in Advanced Micro Devices by 0.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock worth $1,560,000 after acquiring an additional 66 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $160.25 on Tuesday. The company has a market cap of $259.01 billion, a P/E ratio of 235.67, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The business’s 50 day moving average is $158.71 and its two-hundred day moving average is $164.54.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating 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 return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Analyst Ratings Changes

AMD has been the subject of a number of research reports. Truist Financial decreased their price objective on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1st. Cantor Fitzgerald decreased their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Barclays raised their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Finally, TD Cowen lifted their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, April 18th. One investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was 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 directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.73% of the stock is currently owned by company 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.