Advanced Micro Devices, Inc. (NASDAQ:AMD) is RPG Investment Advisory LLC’s 10th Largest Position

RPG Investment Advisory LLC lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,346 shares of the semiconductor manufacturer’s stock after selling 17,564 shares during the period. Advanced Micro Devices comprises 2.5% of RPG Investment Advisory LLC’s portfolio, making the stock its 10th largest holding. RPG Investment Advisory LLC’s holdings in Advanced Micro Devices were worth $14,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Key Financial Inc boosted its stake in shares of Advanced Micro Devices by 5.4% during the 2nd quarter. Key Financial Inc now owns 1,941 shares of the semiconductor manufacturer’s stock worth $221,000 after acquiring an additional 100 shares in the last quarter. Principle Wealth Partners LLC raised its holdings in Advanced Micro Devices by 3.7% during the second quarter. Principle Wealth Partners LLC now owns 3,625 shares of the semiconductor manufacturer’s stock worth $413,000 after purchasing an additional 131 shares during the last quarter. Itau Unibanco Holding S.A. raised its stake in shares of Advanced Micro Devices by 19.1% during the 1st quarter. Itau Unibanco Holding S.A. now owns 103,735 shares of the semiconductor manufacturer’s stock worth $10,167,000 after buying an additional 16,622 shares during the last quarter. Vicus Capital acquired a new position in shares of Advanced Micro Devices during the 1st quarter worth $243,000. Finally, Liberty One Investment Management LLC boosted its position in shares of Advanced Micro Devices by 5.0% in the 1st quarter. Liberty One Investment Management LLC now owns 2,247 shares of the semiconductor manufacturer’s stock worth $220,000 after buying an additional 108 shares in the last quarter. 68.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 14,942 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at this link. In other Advanced Micro Devices 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 sale, the chief executive officer now directly owns 3,358,721 shares of the company’s stock, valued at $354,009,193.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 14,942 shares of the 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 sale, the executive vice president now owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $0.81 during trading hours on Monday, hitting $121.43. 16,441,015 shares of the stock were exchanged, compared to its average volume of 62,018,637. Advanced Micro Devices, Inc. has a 12 month low of $60.05 and a 12 month high of $132.83. 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 stock has a market capitalization of $194.29 billion, a P/E ratio of 1,005.17, a P/E/G ratio of 6.27 and a beta of 1.66. The business’s 50-day moving average is $105.41 and its two-hundred day moving average is $109.32.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 company 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%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 1.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Benchmark raised their target price on shares of Advanced Micro Devices from $108.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. KeyCorp cut their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Citigroup raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and upped their target price for the company from $120.00 to $136.00 in a research note on Wednesday, August 2nd. Barclays dropped their price target on Advanced Micro Devices from $145.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Finally, Robert W. Baird reduced their price objective on Advanced Micro Devices from $170.00 to $125.00 in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $134.77.

Advanced Micro Devices 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.