B & T Capital Management DBA Alpha Capital Management Trims Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

B & T Capital Management DBA Alpha Capital Management reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,128 shares of the semiconductor manufacturer’s stock after selling 199 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Advanced Micro Devices were worth $349,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cherrydale Wealth Management LLC raised its position in shares of Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after buying an additional 58 shares in the last quarter. Prentice Wealth Management LLC raised its holdings in Advanced Micro Devices by 1.6% during the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 62 shares during the period. Revolve Wealth Partners LLC lifted its position in Advanced Micro Devices by 0.9% in the first quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after buying an additional 63 shares during the last quarter. Delta Financial Group Inc. boosted its stake in Advanced Micro Devices by 5.0% during the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock worth $215,000 after buying an additional 63 shares during the period. Finally, Integrated Advisors Network LLC increased its position in Advanced Micro Devices by 0.3% during the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock valued at $2,793,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMD. Wedbush reaffirmed an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Bank of America reissued a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. KeyCorp cut their price objective on Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Robert W. Baird decreased their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Truist Financial cut their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $193.45.

Advanced Micro Devices Stock Performance

AMD stock traded down $4.07 during midday trading on Thursday, hitting $166.95. 26,206,377 shares of the stock traded hands, compared to its average volume of 57,899,281. 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 firm has a market cap of $269.84 billion, a P/E ratio of 249.54, a PEG ratio of 2.14 and a beta of 1.70. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The stock’s fifty day simple moving average is $150.00 and its 200-day simple moving average is $157.75.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business 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%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

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.