McGuire Investment Group LLC Sells 2,738 Shares of Advanced Micro Devices, Inc. $AMD

McGuire Investment Group LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 221,074 shares of the semiconductor manufacturer’s stock after selling 2,738 shares during the period. Advanced Micro Devices accounts for about 4.1% of McGuire Investment Group LLC’s holdings, making the stock its 4th biggest position. McGuire Investment Group LLC’s holdings in Advanced Micro Devices were worth $35,768,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wise Wealth Partners bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $343,000. Waterfront Wealth Inc. acquired a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $1,145,000. Parisi Gray Wealth Management bought a new stake in Advanced Micro Devices during the second quarter worth approximately $343,000. Global Retirement Partners LLC acquired a new position in Advanced Micro Devices during the second quarter valued at approximately $4,519,000. Finally, Cornercap Investment Counsel Inc. raised its position in shares of Advanced Micro Devices by 43.3% in the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock valued at $1,738,000 after purchasing an additional 3,702 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on AMD shares. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Wedbush restated an “outperform” rating and set a $290.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Melius Research set a $380.00 price objective on Advanced Micro Devices in a research note on Wednesday, November 12th. Robert W. Baird set a $300.00 price objective on Advanced Micro Devices in a research report on Wednesday, November 5th. Finally, Wall Street Zen downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $277.06.

View Our Latest Stock Analysis on AMD

Advanced Micro Devices Stock Up 4.3%

AMD stock opened at $223.47 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The company has a market cap of $363.82 billion, a PE ratio of 110.63, a price-to-earnings-growth ratio of 0.95 and a beta of 1.95. The business’s 50-day simple moving average is $226.12 and its 200 day simple moving average is $189.45. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The firm had revenue of $9.25 billion during the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the transaction, the executive vice president owned 300,348 shares in the company, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 181,226 shares of company stock valued at $39,877,820. Company insiders own 0.06% of the company’s stock.

Key Advanced Micro Devices News

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About Advanced Micro Devices

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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

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