Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 53.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 345,136 shares of the semiconductor manufacturer’s stock after selling 401,021 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Advanced Micro Devices were worth $56,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMD. Centaurus Financial Inc. boosted its position in shares of Advanced Micro Devices by 18.2% in the 3rd quarter. Centaurus Financial Inc. now owns 30,957 shares of the semiconductor manufacturer’s stock worth $5,079,000 after buying an additional 4,760 shares in the last quarter. Larson Financial Group LLC raised its position in Advanced Micro Devices by 43.3% during the third quarter. Larson Financial Group LLC now owns 36,220 shares of the semiconductor manufacturer’s stock worth $5,943,000 after acquiring an additional 10,936 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its holdings in shares of Advanced Micro Devices by 2.9% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 92,678 shares of the semiconductor manufacturer’s stock valued at $15,207,000 after purchasing an additional 2,592 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $1,822,000. Finally, Cerity Partners LLC grew its position in shares of Advanced Micro Devices by 8.7% in the third quarter. Cerity Partners LLC now owns 515,606 shares of the semiconductor manufacturer’s stock valued at $84,601,000 after purchasing an additional 41,268 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD opened at $138.35 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30. The company has a 50-day moving average of $153.67 and a 200-day moving average of $154.59. The company has a market capitalization of $224.52 billion, a P/E ratio of 124.64, a PEG ratio of 1.90 and a beta of 1.71.

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 the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the previous year, the company earned $0.53 earnings per share. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Evercore ISI increased their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Piper Sandler reissued an “overweight” rating and issued a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Edward Jones assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. Finally, Robert W. Baird lowered their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

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.