Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Carolinas Wealth Consulting LLC

Carolinas Wealth Consulting LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 575 shares of the semiconductor manufacturer’s stock after selling 442 shares during the quarter. Carolinas Wealth Consulting LLC’s holdings in Advanced Micro Devices were worth $93,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cherrydale Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer’s stock valued at $212,000 after acquiring an additional 58 shares in the last quarter. Prentice Wealth Management LLC increased its position in Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock worth $711,000 after purchasing an additional 62 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 0.9% during the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock worth $1,314,000 after purchasing an additional 63 shares in the last quarter. Delta Financial Group Inc. lifted its holdings in shares of Advanced Micro Devices by 5.0% during the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer’s stock valued at $215,000 after buying an additional 63 shares during the last quarter. Finally, Integrated Advisors Network LLC grew its stake in shares of Advanced Micro Devices by 0.3% in the 4th quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock valued at $2,793,000 after buying an additional 65 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $148.29 on Thursday. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The firm has a market cap of $239.68 billion, a PE ratio of 218.07, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company’s 50-day moving average price is $147.79 and its two-hundred day moving average price is $161.04.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the business earned $0.40 EPS. Advanced Micro Devices’s revenue was up 8.9% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AMD. Bank of America cut their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Robert W. Baird dropped their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Truist Financial cut their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Edward Jones assumed coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating for the company. Finally, TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $193.45.

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.