Meitav Investment House Ltd. Sells 5,072 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Meitav Investment House Ltd. lowered its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 64.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,751 shares of the semiconductor manufacturer’s stock after selling 5,072 shares during the quarter. Meitav Investment House Ltd.’s holdings in Advanced Micro Devices were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMD. ZRC Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC lifted its stake in Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares during the period. Fairway Wealth LLC purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at about $27,000. Semmax Financial Advisors Inc. grew its stake in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 139 shares during the period. Finally, Chelsea Counsel Co. purchased a new stake in Advanced Micro Devices during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 3.0 %

Shares of Advanced Micro Devices stock opened at $144.07 on Friday. The company has a market cap of $232.86 billion, a P/E ratio of 211.87, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The firm has a 50-day simple moving average of $155.01 and a two-hundred day simple moving average of $155.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. Advanced Micro Devices, Inc. has a fifty-two week low of $94.07 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Evercore ISI raised their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday. Truist Financial lowered their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Profile

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.