Clarity Capital Partners LLC Sells 4,934 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Clarity Capital Partners LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 11.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 36,456 shares of the semiconductor manufacturer’s stock after selling 4,934 shares during the quarter. Advanced Micro Devices comprises approximately 4.3% of Clarity Capital Partners LLC’s investment portfolio, making the stock its 4th largest holding. Clarity Capital Partners LLC’s holdings in Advanced Micro Devices were worth $6,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC raised its position in shares of Advanced Micro Devices by 102.9% in the 1st quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $27,000. Northwest Bank & Trust Co bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $28,000. Bare Financial Services Inc bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. UBS Group lowered their price objective on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Tuesday, May 7th. TD Cowen boosted their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Evercore ISI decreased their target price on Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, Mizuho decreased their price objective on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $190.50.

Check Out Our Latest Stock Report on Advanced Micro Devices

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $6.86 during trading on Wednesday, hitting $183.96. The stock had a trading volume of 90,102,055 shares, compared to its average volume of 64,654,773. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $161.81 and its two-hundred day moving average is $166.82. The stock has a market cap of $297.34 billion, a price-to-earnings ratio of 270.53, a price-to-earnings-growth ratio of 2.07 and a beta of 1.68.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.61 EPS for the current year.

Advanced Micro Devices Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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