Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,379 shares of the semiconductor manufacturer’s stock after purchasing an additional 251 shares during the quarter. Versant Capital Management Inc’s holdings in Advanced Micro Devices were worth $167,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMD. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $26,000. B. Riley Wealth Advisors Inc. increased its stake in Advanced Micro Devices by 2.2% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 60,761 shares of the semiconductor manufacturer’s stock worth $9,937,000 after buying an additional 1,279 shares in the last quarter. DGS Capital Management LLC raised its holdings in shares of Advanced Micro Devices by 98.7% during the third quarter. DGS Capital Management LLC now owns 2,452 shares of the semiconductor manufacturer’s stock valued at $402,000 after acquiring an additional 1,218 shares during the last quarter. Inspire Trust Co. N.A. raised its holdings in shares of Advanced Micro Devices by 68.7% during the third quarter. Inspire Trust Co. N.A. now owns 33,000 shares of the semiconductor manufacturer’s stock valued at $5,415,000 after acquiring an additional 13,441 shares during the last quarter. Finally, Synovus Financial Corp increased its position in shares of Advanced Micro Devices by 26.2% during the third quarter. Synovus Financial Corp now owns 33,769 shares of the semiconductor manufacturer’s stock worth $5,541,000 after purchasing an additional 7,006 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,036 shares of company stock worth $28,165,821. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 3.9 %

AMD opened at $125.37 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $117.90 and a 52 week high of $227.30. The business’s 50 day moving average is $136.07 and its two-hundred day moving average is $148.19. The firm has a market cap of $203.45 billion, a price-to-earnings ratio of 112.95, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. Barclays lowered their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Morgan Stanley dropped their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. TD Cowen reduced their price objective on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.96.

About Advanced Micro Devices

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.