Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.9% in the third quarter, Holdings Channel reports. The firm owned 243,295 shares of the semiconductor manufacturer’s stock after selling 4,622 shares during the quarter. Advanced Micro Devices accounts for 1.7% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 17th biggest holding. Beacon Investment Advisory Services Inc.’s holdings in Advanced Micro Devices were worth $39,920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Benjamin Edwards Inc. grew its position in shares of Advanced Micro Devices by 7,133.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 48,029 shares of the semiconductor manufacturer’s stock worth $7,880,000 after acquiring an additional 47,365 shares in the last quarter. Atom Investors LP raised its position in shares of Advanced Micro Devices by 32.0% during the 3rd quarter. Atom Investors LP now owns 6,245 shares of the semiconductor manufacturer’s stock valued at $1,025,000 after acquiring an additional 1,515 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Advanced Micro Devices during the third quarter worth $4,894,000. Kestra Investment Management LLC acquired a new position in Advanced Micro Devices in the third quarter worth $286,000. Finally, FSA Wealth Management LLC acquired a new position in Advanced Micro Devices in the third quarter worth $41,000. 71.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AMD shares. UBS Group reduced their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. Morgan Stanley decreased their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Citigroup dropped their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Stock Up 0.7 %

Shares of Advanced Micro Devices stock opened at $137.18 on Monday. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30. The firm has a market capitalization of $222.62 billion, a PE ratio of 123.59, a price-to-earnings-growth ratio of 1.89 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. The stock’s fifty day moving average is $152.16 and its 200-day moving average is $154.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business posted $0.53 EPS. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’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 transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% 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.