Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Claro Advisors LLC

Claro Advisors LLC decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,420 shares of the semiconductor manufacturer’s stock after selling 690 shares during the period. Claro Advisors LLC’s holdings in Advanced Micro Devices were worth $798,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $28,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $29,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $29,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $30,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 2.8 %

Shares of AMD opened at $157.69 on Tuesday. The firm has a market capitalization of $254.88 billion, a P/E ratio of 231.90, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a 50-day simple moving average of $159.12 and a 200-day simple moving average of $165.24.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Piper Sandler restated an “overweight” rating and issued a $175.00 target price (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Truist Financial decreased their price target 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 cut their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. UBS Group decreased their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Finally, Roth Mkm cut 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 report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.83.

Insiders Place Their Bets

In related 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 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 approximately $245,757,319.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

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.