Providence Capital Advisors LLC Sells 2,077 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Providence Capital Advisors LLC decreased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,453 shares of the semiconductor manufacturer’s stock after selling 2,077 shares during the period. Advanced Micro Devices makes up 1.6% of Providence Capital Advisors LLC’s portfolio, making the stock its 10th biggest position. Providence Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $6,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AMD. Bank Julius Baer & Co. Ltd Zurich grew its stake in shares of Advanced Micro Devices by 411,469.2% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 471,880,586 shares of the semiconductor manufacturer’s stock worth $53,751,918,000 after purchasing an additional 471,765,932 shares during the last quarter. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $1,252,070,000. Wellington Management Group LLP grew its stake in shares of Advanced Micro Devices by 123.6% in the 1st quarter. Wellington Management Group LLP now owns 20,254,885 shares of the semiconductor manufacturer’s stock worth $1,985,181,000 after purchasing an additional 11,195,952 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Advanced Micro Devices by 57.3% in the 2nd quarter. Jennison Associates LLC now owns 25,591,636 shares of the semiconductor manufacturer’s stock worth $2,915,143,000 after purchasing an additional 9,318,871 shares during the last quarter. Finally, Baillie Gifford & Co. grew its stake in shares of Advanced Micro Devices by 7,396,755.9% in the 1st quarter. Baillie Gifford & Co. now owns 8,728,290 shares of the semiconductor manufacturer’s stock worth $855,460,000 after purchasing an additional 8,728,172 shares during the last quarter. Institutional investors and hedge funds own 68.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AMD shares. JPMorgan Chase & Co. lifted their price objective on shares of Advanced Micro Devices from $92.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Citigroup raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $120.00 to $136.00 in a research report on Wednesday, August 2nd. Truist Financial dropped their target price on shares of Advanced Micro Devices from $128.00 to $98.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. UBS Group dropped their target price on shares of Advanced Micro Devices from $145.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Finally, Roth Mkm initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, November 14th. They issued a “buy” rating and a $125.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $134.77.

Insider Buying and Selling

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

Advanced Micro Devices Stock Up 0.7 %

AMD stock traded up $0.79 during trading hours on Friday, hitting $120.62. The company’s stock had a trading volume of 38,538,695 shares, compared to its average volume of 62,236,375. The company has a quick ratio of 1.61, a current ratio of 2.19 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $192.99 billion, a PE ratio of 1,005.17, a price-to-earnings-growth ratio of 6.27 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $60.05 and a 12 month high of $132.83. The stock has a 50 day moving average price of $105.41 and a two-hundred day moving average price of $109.12.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $5.80 billion during the quarter, compared to the consensus estimate of $5.70 billion. Advanced Micro Devices had a net margin of 0.94% and a return on equity of 5.61%. Advanced Micro Devices’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 1.92 earnings per share for the current 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.