Advanced Micro Devices, Inc. $AMD Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 72.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,514 shares of the semiconductor manufacturer’s stock after selling 6,563 shares during the quarter. Bar Harbor Wealth Management’s holdings in Advanced Micro Devices were worth $407,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. RFG Holdings Inc. grew its holdings in shares of Advanced Micro Devices by 24.1% during the 3rd quarter. RFG Holdings Inc. now owns 12,292 shares of the semiconductor manufacturer’s stock worth $1,989,000 after purchasing an additional 2,385 shares during the period. Enterprise Financial Services Corp raised its holdings in Advanced Micro Devices by 10.1% in the 3rd quarter. Enterprise Financial Services Corp now owns 1,607 shares of the semiconductor manufacturer’s stock valued at $260,000 after buying an additional 147 shares during the period. Harbor Capital Advisors Inc. lifted its position in Advanced Micro Devices by 2.7% in the third quarter. Harbor Capital Advisors Inc. now owns 35,837 shares of the semiconductor manufacturer’s stock valued at $5,798,000 after buying an additional 949 shares during the last quarter. Norden Group LLC boosted its stake in Advanced Micro Devices by 31.5% during the third quarter. Norden Group LLC now owns 16,402 shares of the semiconductor manufacturer’s stock worth $2,654,000 after buying an additional 3,932 shares during the period. Finally, Brady Martz Wealth Solutions LLC increased its position in shares of Advanced Micro Devices by 2.4% during the third quarter. Brady Martz Wealth Solutions LLC now owns 4,658 shares of the semiconductor manufacturer’s stock valued at $754,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 0.0%

NASDAQ:AMD opened at $214.80 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08. The firm has a market cap of $349.69 billion, a PE ratio of 106.33, a price-to-earnings-growth ratio of 1.59 and a beta of 1.93. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $228.77 and a 200 day moving average price of $185.06.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same quarter last year, the company earned $0.92 EPS. Advanced Micro Devices’s revenue for the quarter was up 35.6% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the completion of the transaction, the chief executive officer owned 3,277,476 shares in the company, valued at $705,116,186.64. The trade was a 3.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the sale, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 181,226 shares of company stock worth $39,877,820 over the last three months. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $280.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Benchmark upped their price target on Advanced Micro Devices from $270.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Dbs Bank upgraded Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Finally, Cantor Fitzgerald set a $300.00 target price on Advanced Micro Devices in a report on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $277.06.

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Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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