Cary Street Partners Financial LLC Sells 9,402 Shares of Advanced Micro Devices, Inc. $AMD

Cary Street Partners Financial LLC reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,166 shares of the semiconductor manufacturer’s stock after selling 9,402 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Advanced Micro Devices were worth $1,868,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AMD. Pinney & Scofield Inc. grew its stake in Advanced Micro Devices by 81.0% in the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 208 shares during the period. Avion Wealth grew its stake in Advanced Micro Devices by 49.3% in the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares in the last quarter. West Branch Capital LLC increased its holdings in Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 214 shares during the period. Finally, Financial Network Wealth Advisors LLC raised its position in Advanced Micro Devices by 185.3% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 331 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMD shares. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Micro Devices in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on shares of Advanced Micro Devices and gave the company a “hold” rating in a research report on Tuesday, October 14th. Loop Capital set a $290.00 price target on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research report on Wednesday, November 5th. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, October 8th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $278.54.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $221.11 on Tuesday. The company has a market cap of $359.98 billion, a price-to-earnings ratio of 109.46, a PEG ratio of 1.61 and a beta of 1.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. The stock’s fifty day moving average price is $226.81 and its 200 day moving average price is $177.03. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share 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 business had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Ava Hahn sold 2,868 shares of the company’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares in the company, valued at $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 75,676 shares of company stock worth $16,124,589. 0.06% of the stock is owned by company insiders.

About Advanced Micro Devices

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.