Adero Partners LLC Acquires 153 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Adero Partners LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,952 shares of the semiconductor manufacturer’s stock after buying an additional 153 shares during the period. Adero Partners LLC’s holdings in Advanced Micro Devices were worth $1,469,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Schear Investment Advisers LLC lifted its holdings in shares of Advanced Micro Devices by 11.9% during the 3rd quarter. Schear Investment Advisers LLC now owns 19,120 shares of the semiconductor manufacturer’s stock valued at $3,137,000 after buying an additional 2,031 shares during the period. WESPAC Advisors SoCal LLC lifted its holdings in shares of Advanced Micro Devices by 23.9% during the 3rd quarter. WESPAC Advisors SoCal LLC now owns 1,959 shares of the semiconductor manufacturer’s stock valued at $321,000 after buying an additional 378 shares during the period. Mill Creek Capital Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 48.0% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 6,029 shares of the semiconductor manufacturer’s stock valued at $989,000 after buying an additional 1,955 shares during the period. LJI Wealth Management LLC lifted its holdings in shares of Advanced Micro Devices by 13.4% during the 3rd quarter. LJI Wealth Management LLC now owns 4,710 shares of the semiconductor manufacturer’s stock valued at $773,000 after buying an additional 555 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 31.7% during the 3rd quarter. Natixis Advisors LLC now owns 847,342 shares of the semiconductor manufacturer’s stock valued at $139,032,000 after buying an additional 204,002 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Down 2.8 %

Shares of Advanced Micro Devices stock opened at $134.90 on Friday. The firm has a market cap of $218.92 billion, a price-to-earnings ratio of 121.53, a PEG ratio of 1.93 and a beta of 1.71. The business has a 50-day moving average price of $154.51 and a 200-day moving average price of $155.00. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $116.37 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of several research analyst reports. Edward Jones initiated coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a “buy” rating on the stock. Barclays reduced their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Roth Mkm restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Finally, Truist Financial reduced their price objective 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

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.