Counterweight Ventures LLC Sells 400 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Counterweight Ventures LLC trimmed its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,620 shares of the semiconductor manufacturer’s stock after selling 400 shares during the quarter. Counterweight Ventures LLC’s holdings in Advanced Micro Devices were worth $758,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AMD. West Family Investments Inc. lifted its position in Advanced Micro Devices by 65.2% during the third quarter. West Family Investments Inc. now owns 5,111 shares of the semiconductor manufacturer’s stock valued at $839,000 after acquiring an additional 2,018 shares during the last quarter. Second Half Financial Partners LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter worth about $537,000. Aberdeen Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $202,000. PNC Financial Services Group Inc. grew its holdings in shares of Advanced Micro Devices by 4.2% during the third quarter. PNC Financial Services Group Inc. now owns 327,613 shares of the semiconductor manufacturer’s stock valued at $53,755,000 after buying an additional 13,189 shares during the last quarter. Finally, Parnassus Investments LLC raised its holdings in shares of Advanced Micro Devices by 10.4% during the third quarter. Parnassus Investments LLC now owns 6,058 shares of the semiconductor manufacturer’s stock worth $994,000 after purchasing an additional 569 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 0.8 %

AMD opened at $137.80 on Tuesday. The firm has a market cap of $223.62 billion, a P/E ratio of 125.16, a PEG ratio of 1.87 and a beta of 1.71. The business’s fifty day simple moving average is $154.53 and its 200 day simple moving average is $155.02. Advanced Micro Devices, Inc. has a 52 week low of $116.37 and a 52 week high of $227.30. 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 (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of analyst reports. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Truist Financial lowered their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Evercore ISI lifted their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley lowered their price target on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

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.