Symmetry Investments LP Has $1.07 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Symmetry Investments LP lessened its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 92.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,599 shares of the semiconductor manufacturer’s stock after selling 77,260 shares during the quarter. Symmetry Investments LP’s holdings in Advanced Micro Devices were worth $1,070,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its position in Advanced Micro Devices by 89.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock valued at $336,000 after buying an additional 974 shares during the last quarter. Alaethes Wealth LLC raised its position in Advanced Micro Devices by 0.5% in the 2nd quarter. Alaethes Wealth LLC now owns 15,542 shares of the semiconductor manufacturer’s stock valued at $2,521,000 after buying an additional 84 shares during the last quarter. Legacy Financial Advisors Inc. raised its position in Advanced Micro Devices by 3.3% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 5,908 shares of the semiconductor manufacturer’s stock valued at $958,000 after buying an additional 187 shares during the last quarter. Summit Trail Advisors LLC grew its stake in Advanced Micro Devices by 16.3% in the second quarter. Summit Trail Advisors LLC now owns 20,079 shares of the semiconductor manufacturer’s stock valued at $3,257,000 after purchasing an additional 2,815 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Advanced Micro Devices by 12.9% in the second quarter. Thrivent Financial for Lutherans now owns 1,463,056 shares of the semiconductor manufacturer’s stock valued at $237,322,000 after purchasing an additional 166,933 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’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 completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $285,278,881.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $155.95 on Friday. The stock has a market capitalization of $252.06 billion, a PE ratio of 229.34, a P/E/G ratio of 2.04 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The business has a fifty day moving average price of $146.77 and a two-hundred day moving average price of $160.66. Advanced Micro Devices, Inc. has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMD shares. Truist Financial decreased their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. KeyCorp decreased their price target on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Edward Jones started coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating for the company. Barclays decreased their price target on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Finally, Susquehanna restated a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

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.