Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd cut its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 15.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 608,000 shares of the semiconductor manufacturer's stock after selling 113,000 shares during the period. Clal Insurance Enterprises Holdings Ltd's holdings in Advanced Micro Devices were worth $99,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nwam LLC acquired a new position in Advanced Micro Devices in the third quarter valued at approximately $6,531,000. Meridian Wealth Management LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $16,432,000. Covenant Asset Management LLC lifted its stake in shares of Advanced Micro Devices by 22.3% in the 3rd quarter. Covenant Asset Management LLC now owns 56,477 shares of the semiconductor manufacturer's stock valued at $9,267,000 after purchasing an additional 10,313 shares during the period. Allen Capital Group LLC boosted its holdings in Advanced Micro Devices by 36.0% during the third quarter. Allen Capital Group LLC now owns 2,478 shares of the semiconductor manufacturer's stock worth $407,000 after buying an additional 656 shares in the last quarter. Finally, Raymond James Trust N.A. grew its position in Advanced Micro Devices by 2.4% during the third quarter. Raymond James Trust N.A. now owns 40,596 shares of the semiconductor manufacturer's stock valued at $6,661,000 after buying an additional 954 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm'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 transaction of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents 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 this link. Also, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Stock Up 0.6 %

Shares of NASDAQ AMD traded up $0.86 during midday trading on Friday, hitting $138.35. The company's stock had a trading volume of 21,784,728 shares, compared to its average volume of 37,515,284. Advanced Micro Devices, Inc. has a 1 year low of $116.37 and a 1 year high of $227.30. The business's fifty day simple moving average is $153.67 and its two-hundred day simple moving average is $154.58. The firm has a market capitalization of $224.52 billion, a price-to-earnings ratio of 124.64, a price-to-earnings-growth ratio of 1.90 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the business posted $0.53 earnings per share. Advanced Micro Devices's revenue was up 17.6% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMD shares. Edward Jones initiated coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They set a "buy" rating on the stock. Wedbush reissued an "outperform" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Piper Sandler restated an "overweight" rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. Finally, TD Cowen reduced their price target on shares of Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average 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.