Sunbelt Securities Inc. Trims Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sunbelt Securities Inc. trimmed its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,331 shares of the semiconductor manufacturer’s stock after selling 660 shares during the quarter. Sunbelt Securities Inc.’s holdings in Advanced Micro Devices were worth $3,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. ORG Partners LLC increased its position in shares of Advanced Micro Devices by 808.7% during the 2nd quarter. ORG Partners LLC now owns 2,190 shares of the semiconductor manufacturer’s stock valued at $345,000 after purchasing an additional 1,949 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Advanced Micro Devices by 10.9% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 76,520 shares of the semiconductor manufacturer’s stock worth $12,412,000 after buying an additional 7,530 shares during the period. Cornerstone Wealth Management LLC increased its stake in Advanced Micro Devices by 13.6% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 6,908 shares of the semiconductor manufacturer’s stock worth $1,121,000 after buying an additional 827 shares during the period. AdvisorNet Financial Inc boosted its position in Advanced Micro Devices by 7.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 6,129 shares of the semiconductor manufacturer’s stock valued at $994,000 after buying an additional 427 shares during the period. Finally, 180 Wealth Advisors LLC grew its stake in Advanced Micro Devices by 13.0% in the 2nd quarter. 180 Wealth Advisors LLC now owns 4,066 shares of the semiconductor manufacturer’s stock worth $660,000 after acquiring an additional 469 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMD shares. TD Cowen decreased their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Evercore ISI raised their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Mizuho lowered their target price on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Citigroup cut their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Piper Sandler reissued an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.36.

Advanced Micro Devices Price Performance

Shares of AMD opened at $127.74 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $121.82 and a 52 week high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm has a market cap of $207.30 billion, a price-to-earnings ratio of 115.08, a PEG ratio of 1.91 and a beta of 1.66. The stock has a 50 day moving average of $149.48 and a 200-day moving average of $153.01.

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, hitting analysts’ consensus estimates 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 the consensus estimate of $6.71 billion. During the same period last year, the firm posted $0.53 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.