Advanced Micro Devices, Inc. $AMD Stock Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 48.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,485 shares of the semiconductor manufacturer’s stock after selling 2,361 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Advanced Micro Devices were worth $1,520,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Citizens Financial Corp grew its holdings in shares of Advanced Micro Devices by 3.4% during the 3rd quarter. First Citizens Financial Corp now owns 490 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 16 shares during the period. Fearless Solutions LLC dba Best Invest raised its holdings in Advanced Micro Devices by 1.5% in the 3rd quarter. Fearless Solutions LLC dba Best Invest now owns 1,174 shares of the semiconductor manufacturer’s stock valued at $718,000 after buying an additional 17 shares during the period. Private Client Services LLC raised its holdings in Advanced Micro Devices by 1.7% in the 3rd quarter. Private Client Services LLC now owns 1,079 shares of the semiconductor manufacturer’s stock valued at $660,000 after buying an additional 18 shares during the period. Essential Investment Partners LLC lifted its position in Advanced Micro Devices by 40.0% in the third quarter. Essential Investment Partners LLC now owns 63 shares of the semiconductor manufacturer’s stock valued at $39,000 after buying an additional 18 shares during the last quarter. Finally, CKW Financial Group lifted its position in Advanced Micro Devices by 1.3% in the third quarter. CKW Financial Group now owns 1,450 shares of the semiconductor manufacturer’s stock valued at $893,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Forrest Norrod sold 17,262 shares of the company’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the completion of the transaction, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the company’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the completion of the transaction, the executive vice president owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. The trade was a 2.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 230,957 shares of company stock valued at $114,799,511 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. William Blair reissued a “market perform” rating on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Wedbush restated an “outperform” rating and issued a $600.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Rosenblatt Securities restated a “buy” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 4th. Finally, Susquehanna increased their price objective on shares of Advanced Micro Devices from $620.00 to $650.00 and gave the stock a “positive” rating in a research report on Wednesday, October 28th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $642.47.

Advanced Micro Devices Stock Up 7.3%

Shares of AMD opened at $552.90 on Thursday. The stock has a market capitalization of $906.81 billion, a PE ratio of 120.20, a P/E/G ratio of 4.96 and a beta of 2.49. Advanced Micro Devices, Inc. has a 1 year low of $188.22 and a 1 year high of $658.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. The company’s 50-day simple moving average is $550.43 and its 200-day simple moving average is $419.05.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $13.38 billion for the quarter, compared to analysts’ expectations of $13.10 billion. Advanced Micro Devices had a return on equity of 14.15% and a net margin of 16.77%. The company’s revenue for the quarter was up 44.7% compared to the same quarter last year. During the same period last year, the firm earned $1.20 earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current fiscal year.

Trending Headlines about Advanced Micro Devices

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.