Advisor Resource Council Has $1.04 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisor Resource Council decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 66.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,756 shares of the semiconductor manufacturer’s stock after selling 11,249 shares during the quarter. Advisor Resource Council’s holdings in Advanced Micro Devices were worth $1,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Addison Advisors LLC raised its position in Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the period. Prentice Wealth Management LLC grew its stake 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 acquiring an additional 62 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares during the period. Schear Investment Advisers LLC lifted its position in shares of Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after purchasing an additional 64 shares in the last quarter. Finally, Fiduciary Group LLC boosted its holdings in shares of Advanced Micro Devices by 2.7% during the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock worth $371,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $0.41 during trading on Thursday, hitting $163.90. The company’s stock had a trading volume of 26,980,906 shares, compared to its average volume of 48,034,668. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market cap of $264.91 billion, a P/E ratio of 241.03, a price-to-earnings-growth ratio of 1.90 and a beta of 1.68. The firm has a 50 day moving average price of $159.54 and a 200 day moving average price of $165.56.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial dropped their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. KeyCorp cut their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Susquehanna boosted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 10th. Evercore ISI dropped their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, Citigroup reduced their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $190.83.

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.