Alternative Investment Advisors LLC. Cuts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alternative Investment Advisors LLC. trimmed its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,998 shares of the semiconductor manufacturer’s stock after selling 336 shares during the period. Advanced Micro Devices accounts for 1.1% of Alternative Investment Advisors LLC.’s holdings, making the stock its 17th biggest position. Alternative Investment Advisors LLC.’s holdings in Advanced Micro Devices were worth $2,133,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fiduciary Financial Group LLC purchased a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $323,000. Silver Lake Advisory LLC grew its position in Advanced Micro Devices by 83.5% in the 2nd quarter. Silver Lake Advisory LLC now owns 2,178 shares of the semiconductor manufacturer’s stock valued at $353,000 after acquiring an additional 991 shares in the last quarter. Valley National Advisers Inc. increased its stake in Advanced Micro Devices by 4.6% during the second quarter. Valley National Advisers Inc. now owns 2,193 shares of the semiconductor manufacturer’s stock worth $355,000 after purchasing an additional 96 shares during the period. Pure Financial Advisors LLC lifted its position in shares of Advanced Micro Devices by 38.0% during the second quarter. Pure Financial Advisors LLC now owns 4,467 shares of the semiconductor manufacturer’s stock worth $725,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Old Port Advisors grew its holdings in shares of Advanced Micro Devices by 20.8% in the second quarter. Old Port Advisors now owns 1,441 shares of the semiconductor manufacturer’s stock valued at $234,000 after purchasing an additional 248 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Barclays lowered their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Evercore ISI raised their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. Finally, Mizuho reduced their price objective on shares of Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.36.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $4.26 during trading on Friday, reaching $126.34. The company had a trading volume of 21,108,793 shares, compared to its average volume of 53,668,809. The firm has a market capitalization of $205.03 billion, a price-to-earnings ratio of 117.66, a price-to-earnings-growth ratio of 1.88 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a fifty-two week low of $121.82 and a fifty-two week high of $227.30. The stock’s fifty day moving average price is $147.60 and its 200 day moving average price is $152.43.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter last year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, 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 have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Company 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.