Venturi Wealth Management LLC Decreases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

by · The Markets Daily

Venturi Wealth Management LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 0.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,548 shares of the semiconductor manufacturer’s stock after selling 118 shares during the period. Venturi Wealth Management LLC’s holdings in Advanced Micro Devices were worth $5,669,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMD. Cherrydale Wealth Management LLC lifted its holdings in Advanced Micro Devices by 4.7% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock worth $212,000 after buying an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc grew its stake in Advanced Micro Devices by 12.0% in the third quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer’s stock worth $97,000 after purchasing an additional 60 shares in the last quarter. Delta Financial Group Inc. grew its holdings in shares of 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 valued at $215,000 after purchasing an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its stake in Advanced Micro Devices by 0.3% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer’s stock worth $3,995,000 after buying an additional 65 shares during the last quarter. Finally, Wealth Effects LLC increased its position in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after buying an additional 65 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $147.81 on Monday. The company has a 50 day moving average price of $154.44 and a two-hundred day moving average price of $155.57. Advanced Micro Devices, Inc. has a 12-month low of $116.00 and a 12-month high of $227.30. The stock has a market capitalization of $239.87 billion, a PE ratio of 133.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.71. 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 (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations of $6.71 billion. During the same period in the prior year, the company posted $0.53 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMD. UBS Group reduced their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Citigroup decreased their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Bank of America restated a “buy” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Read Our Latest Stock Report on Advanced Micro Devices

Advanced Micro Devices Company Profile

(Free Report)

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.

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