Realta Investment Advisors lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 8.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,836 shares of the semiconductor manufacturer’s stock after selling 683 shares during the quarter. Realta Investment Advisors’ holdings in Advanced Micro Devices were worth $1,112,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Advanced Micro Devices by 277.8% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 200 shares during the period. American Capital Advisory LLC raised its stake in shares of Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 130 shares in the last quarter. Kozak & Associates Inc. raised its stake in shares of Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 123 shares in the last quarter. Dogwood Wealth Management LLC raised its stake in shares of Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 208 shares in the last quarter. Finally, West Branch Capital LLC raised its stake in shares of Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
Advanced Micro Devices Stock Down 3.0%
NASDAQ:AMD opened at $164.67 on Friday. The firm has a market capitalization of $267.23 billion, a price-to-earnings ratio of 94.64, a PEG ratio of 1.94 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The business’s fifty day moving average price is $165.94 and its 200 day moving average price is $133.62.
Insiders Place Their Bets
In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 272,448 shares of company stock valued at $44,554,848 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Seaport Res Ptn downgraded Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. DZ Bank raised Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $165.00 price objective on the stock in a research note on Thursday, August 7th. TD Cowen boosted their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Morgan Stanley cut their target price on Advanced Micro Devices from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 6th. Finally, Piper Sandler boosted their target price on Advanced Micro Devices from $140.00 to $190.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.88.
Get Our Latest Analysis on Advanced Micro Devices
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.
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