Clear Creek Financial Management LLC Decreases Stake in Advanced Micro Devices, Inc. $AMD

Clear Creek Financial Management LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 30.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,601 shares of the semiconductor manufacturer’s stock after selling 4,216 shares during the period. Clear Creek Financial Management LLC’s holdings in Advanced Micro Devices were worth $1,553,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. King Luther Capital Management Corp boosted its position in shares of Advanced Micro Devices by 39.9% during the 3rd quarter. King Luther Capital Management Corp now owns 59,316 shares of the semiconductor manufacturer’s stock valued at $9,597,000 after acquiring an additional 16,915 shares during the last quarter. Avestar Capital LLC raised its stake in Advanced Micro Devices by 2.7% during the third quarter. Avestar Capital LLC now owns 18,071 shares of the semiconductor manufacturer’s stock valued at $2,924,000 after purchasing an additional 482 shares in the last quarter. CFO4Life Group LLC lifted its position in Advanced Micro Devices by 16.1% during the third quarter. CFO4Life Group LLC now owns 2,662 shares of the semiconductor manufacturer’s stock valued at $431,000 after purchasing an additional 370 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Advanced Micro Devices by 4.7% in the 3rd quarter. Synovus Financial Corp now owns 42,634 shares of the semiconductor manufacturer’s stock worth $6,898,000 after buying an additional 1,910 shares in the last quarter. Finally, CenterBook Partners LP increased its holdings in shares of Advanced Micro Devices by 632.7% in the 3rd quarter. CenterBook Partners LP now owns 201,949 shares of the semiconductor manufacturer’s stock worth $32,673,000 after buying an additional 174,388 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 1.6%

Shares of NASDAQ AMD opened at $200.15 on Friday. The business’s 50 day moving average price is $219.68 and its 200-day moving average price is $206.81. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85. The company has a market cap of $326.33 billion, a price-to-earnings ratio of 75.53, a PEG ratio of 0.77 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 EPS for the quarter, beating the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The company had revenue of $10.27 billion for the quarter, compared to the consensus estimate of $9.65 billion. During the same quarter in the prior year, the company posted $1.09 EPS. Advanced Micro Devices’s quarterly revenue was up 34.1% on a year-over-year basis. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on AMD. Piper Sandler upped their target price on shares of Advanced Micro Devices from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Benchmark reissued a “buy” rating and set a $325.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. Truist Financial set a $283.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 4th. KeyCorp lifted their target price on Advanced Micro Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Evercore increased their price target on Advanced Micro Devices from $283.00 to $328.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $288.17.

View Our Latest Research Report on AMD

Key Headlines Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

Insider Transactions at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,442 shares of the firm’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $234.42, for a total value of $572,453.64. Following the transaction, the senior vice president owned 16,359 shares of the company’s stock, valued at $3,834,876.78. This trade represents a 12.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the sale, the executive vice president owned 289,098 shares of the company’s stock, valued at $62,679,337.38. The trade was a 6.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 271,892 shares of company stock worth $58,476,908. Insiders own 0.06% of the company’s stock.

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.

See Also

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

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