Checchi Capital Advisers LLC Decreases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Checchi Capital Advisers LLC decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,159 shares of the semiconductor manufacturer’s stock after selling 222 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Advanced Micro Devices were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMD. Choreo LLC lifted its stake in Advanced Micro Devices by 1.4% in the second quarter. Choreo LLC now owns 6,246 shares of the semiconductor manufacturer’s stock valued at $711,000 after buying an additional 86 shares during the last quarter. Warren Street Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 4.0% in the second quarter. Warren Street Wealth Advisors LLC now owns 2,264 shares of the semiconductor manufacturer’s stock valued at $258,000 after buying an additional 88 shares during the last quarter. Trust Co. of Vermont lifted its stake in Advanced Micro Devices by 4.0% in the second quarter. Trust Co. of Vermont now owns 2,451 shares of the semiconductor manufacturer’s stock valued at $279,000 after buying an additional 94 shares during the last quarter. Cardinal Strategic Wealth Guidance lifted its stake in Advanced Micro Devices by 4.5% in the second quarter. Cardinal Strategic Wealth Guidance now owns 2,302 shares of the semiconductor manufacturer’s stock valued at $262,000 after buying an additional 100 shares during the last quarter. Finally, Key Financial Inc lifted its stake in Advanced Micro Devices by 5.4% in the second quarter. Key Financial Inc now owns 1,941 shares of the semiconductor manufacturer’s stock valued at $221,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the sale, the chief executive officer now owns 3,358,721 shares of the company’s stock, valued at $354,009,193.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Paul Darren Grasby sold 14,942 shares of the stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total transaction of $1,586,989.82. Following the sale, the executive vice president now owns 103,663 shares of the company’s stock, valued at $11,010,047.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $105.40, for a total value of $7,905,000.00. Following the transaction, the chief executive officer now owns 3,358,721 shares in the company, valued at $354,009,193.40. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Roth Mkm assumed coverage on Advanced Micro Devices in a research note on Tuesday. They issued a “buy” rating and a $125.00 price objective for the company. Wolfe Research initiated coverage on Advanced Micro Devices in a research note on Wednesday, July 19th. They set an “outperform” rating and a $150.00 price target for the company. Mizuho cut their price target on Advanced Micro Devices from $140.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Benchmark upped their price target on Advanced Micro Devices from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $92.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.77.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $118.00 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.61 and a current ratio of 2.19. The firm has a market capitalization of $188.80 billion, a price-to-earnings ratio of 983.42, a price-to-earnings-growth ratio of 6.21 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $60.05 and a fifty-two week high of $132.83. The stock’s fifty day moving average is $104.85 and its two-hundred day moving average is $108.70.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.70 billion. Advanced Micro Devices had a return on equity of 5.61% and a net margin of 0.94%. Advanced Micro Devices’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 1.92 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.