Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. reduced its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 50.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,189 shares of the semiconductor manufacturer's stock after selling 10,331 shares during the quarter. Verity Asset Management Inc.'s holdings in Advanced Micro Devices were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 86 shares during the period. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $32,000. FSA Wealth Management LLC acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth approximately $41,000. Finally, Coston McIsaac & Partners increased its holdings in shares of Advanced Micro Devices by 319.4% during the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer's stock valued at $42,000 after purchasing an additional 198 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Down 2.4 %

Shares of AMD stock traded down $2.60 during trading hours on Friday, hitting $107.56. 45,877,635 shares of the company were exchanged, compared to its average volume of 43,600,734. The firm has a fifty day moving average of $124.01 and a 200 day moving average of $140.18. 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 1 year low of $106.50 and a 1 year high of $227.30. The firm has a market cap of $174.55 billion, a PE ratio of 96.90, a PEG ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of several recent analyst reports. TD Cowen cut their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a report on Monday, January 13th. Melius Research reiterated a "hold" rating and issued a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Piper Sandler reduced their target price on Advanced Micro Devices from $180.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday. Finally, Benchmark decreased their price objective on Advanced Micro Devices from $200.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $158.70.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.65% of the stock is currently owned by insiders.

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.