Modus Advisors LLC Cuts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Modus Advisors LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 62.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,170 shares of the semiconductor manufacturer’s stock after selling 1,920 shares during the quarter. Modus Advisors LLC’s holdings in Advanced Micro Devices were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of AMD. Versant Capital Management Inc grew its holdings in Advanced Micro Devices by 22.3% during the 4th quarter. Versant Capital Management Inc now owns 1,379 shares of the semiconductor manufacturer’s stock valued at $167,000 after buying an additional 251 shares during the last quarter. Global Wealth Strategies & Associates purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $26,000. B. Riley Wealth Advisors Inc. raised its position in shares of Advanced Micro Devices by 2.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 60,761 shares of the semiconductor manufacturer’s stock valued at $9,937,000 after buying an additional 1,279 shares during the last quarter. DGS Capital Management LLC lifted its stake 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 buying an additional 1,218 shares during the period. Finally, Inspire Trust Co. N.A. boosted its position in 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 worth $5,415,000 after acquiring an additional 13,441 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $1.25 during trading on Friday, reaching $121.88. The company’s stock had a trading volume of 9,291,330 shares, compared to its average volume of 20,430,488. The business’s fifty day moving average price is $136.07 and its 200-day moving average price is $148.19. Advanced Micro Devices, Inc. has a one year low of $117.90 and a one year high of $227.30. The firm has a market cap of $197.79 billion, a price-to-earnings ratio of 109.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Piper Sandler restated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Bank of America downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Benchmark reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Finally, Morgan Stanley dropped their target price on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $191.96.

Advanced Micro Devices 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.