DMC Group LLC Sells 555 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

DMC Group LLC cut its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,643 shares of the semiconductor manufacturer’s stock after selling 555 shares during the quarter. Advanced Micro Devices accounts for about 1.5% of DMC Group LLC’s portfolio, making the stock its 9th largest position. DMC Group LLC’s holdings in Advanced Micro Devices were worth $1,910,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock worth $1,402,412,000 after buying an additional 2,979,204 shares during the period. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after acquiring an additional 2,349,288 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Advanced Micro Devices during the second quarter valued at $296,178,000. Swedbank AB acquired a new position in shares of Advanced Micro Devices during the first quarter worth $290,842,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Advanced Micro Devices by 29.0% in the second quarter. Assenagon Asset Management S.A. now owns 5,923,710 shares of the semiconductor manufacturer’s stock worth $960,885,000 after purchasing an additional 1,331,165 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ AMD opened at $155.97 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30. The stock has a market capitalization of $252.10 billion, a P/E ratio of 229.37, a P/E/G ratio of 2.33 and a beta of 1.70. The company has a 50-day moving average price of $153.86 and a 200-day moving average price of $156.79.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.40 EPS. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMD. Susquehanna reaffirmed a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Barclays lowered their price objective on Advanced Micro Devices from $235.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Monday, October 7th. Finally, Truist Financial dropped their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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.