Sequent Asset Management LLC Has $212,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sequent Asset Management LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.2% in the third quarter, Holdings Channel reports. The firm owned 1,295 shares of the semiconductor manufacturer’s stock after selling 391 shares during the period. Sequent Asset Management LLC’s holdings in Advanced Micro Devices were worth $212,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Beta Wealth Group Inc. raised its holdings in Advanced Micro Devices by 12.8% during the 3rd quarter. Beta Wealth Group Inc. now owns 5,300 shares of the semiconductor manufacturer’s stock worth $870,000 after buying an additional 600 shares during the period. Executive Wealth Management LLC bought a new position in Advanced Micro Devices during the 3rd quarter worth about $8,676,000. United Bank bought a new stake in shares of Advanced Micro Devices in the third quarter valued at about $516,000. CWA Asset Management Group LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth approximately $1,504,000. Finally, AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of Advanced Micro Devices by 0.6% during the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 342,497 shares of the semiconductor manufacturer’s stock worth $56,197,000 after acquiring an additional 2,026 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 1.2 %

AMD stock opened at $147.95 on Friday. The stock has a fifty day moving average of $154.44 and a 200-day moving average of $155.52. Advanced Micro Devices, Inc. has a fifty-two week low of $113.06 and a fifty-two week high of $227.30. The company has a market capitalization of $240.09 billion, a price-to-earnings ratio of 133.29, a PEG ratio of 1.94 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup cut their price target on shares of 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. Robert W. Baird reduced their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Bank of America reaffirmed a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal 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 that occurred on Tuesday, November 5th. The stock was 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 owns 293,347 shares in the company, valued at approximately $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. 0.65% of the stock is owned by company 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.