Exchange Traded Concepts LLC Sells 2,173 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Exchange Traded Concepts LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% during the 3rd quarter, Holdings Channel reports. The fund owned 64,977 shares of the semiconductor manufacturer’s stock after selling 2,173 shares during the period. Exchange Traded Concepts LLC’s holdings in Advanced Micro Devices were worth $10,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AMD. Vanguard Group Inc. lifted its holdings in Advanced Micro Devices by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after purchasing an additional 2,349,288 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of Advanced Micro Devices by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer’s stock valued at $4,177,338,000 after acquiring an additional 570,035 shares in the last quarter. Wellington Management Group LLP increased its position in Advanced Micro Devices by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer’s stock worth $2,832,961,000 after acquiring an additional 478,718 shares during the period. Legal & General Group Plc boosted its holdings in Advanced Micro Devices by 1.4% in the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock valued at $2,159,039,000 after purchasing an additional 188,580 shares during the period. Finally, Van ECK Associates Corp grew its position in Advanced Micro Devices by 52.6% during the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after buying an additional 2,979,204 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the subject of several analyst reports. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Susquehanna reissued a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Piper Sandler increased their price target on Advanced Micro Devices from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 2.3 %

Advanced Micro Devices stock opened at $167.89 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The firm has a market capitalization of $271.36 billion, a price-to-earnings ratio of 246.90, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average price is $151.34 and its two-hundred day moving average price is $157.58.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

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.