Advanced Micro Devices, Inc. (NASDAQ:AMD) shares sold by Claro Advisors LLC

Claro Advisors LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 13.5% in the 1st quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The fund held 4,420 shares of the semiconductor maker after selling 690 shares during the period. Claro Advisors LLC’s stake in Advanced Micro Devices was worth $798,000 at the end of the last reporting period.

Several other institutional investors also recently added to or decreased their holdings in the stock. Northwest Bank & Trust Co acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Bare Financial Services Inc acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $29,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices in the fourth quarter worth approximately $29,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $30,000. 71.34% of the shares are currently held by institutional investors.

Advanced Micro Devices shares fall 2.8%

AMD shares opened at $157.69 on Tuesday. The company has a market capitalization of $254.88 billion, a P/E ratio of 231.90, a P/E/G ratio of 1.87 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.92 and a quick ratio of 2.64. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a 50-day simple moving average of $159.12 and a 200-day simple moving average of $165.24.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30. The semiconductor maker reported $0.62 earnings per share for the quarter, topping analysts’ consensus of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 per share. Equity research analysts expect Advanced Micro Devices, Inc. to post $2.61 earnings per share for the current year.

Wall Street analysts predict growth

Multiple stock analysts have commented on the company. Piper Sandler reaffirmed their “overweight” rating and issued a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1. Truist Financial lowered their price target for Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research report on Wednesday, May 1. Cantor Fitzgerald lowered their price target for Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the stock in a report on Wednesday, May 1. UBS Group lowered their price target for shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1. Finally, Roth Mkm lowered their price target on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the stock in a report on Wednesday, May 1. One investment analyst rated the stock a sell, three gave a hold rating, and twenty-seven gave a buy rating. The company currently has a consensus rating of “Moderate Buy” and an average price target of $190.83, according to data from MarketBeat.com.

Read our latest AMD analysis

Insiders are betting

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Friday, June 14. The shares were sold at an average price of $158.94, for a total transaction value of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The transaction was disclosed in an SEC filing, which can be accessed through this hyperlink . Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Company Profile

(Free report)

Advanced Micro Devices, Inc. operates as a global semiconductor company. 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, as well as semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field programmable gate arrays (FPGAs), and adaptive SoC products.

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