Frank Rimerman Advisors LLC Sells 4,560 Shares of Advanced Micro Devices, Inc. $AMD

Frank Rimerman Advisors LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 14.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,327 shares of the semiconductor manufacturer’s stock after selling 4,560 shares during the period. Frank Rimerman Advisors LLC’s holdings in Advanced Micro Devices were worth $5,356,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Columbia Bank raised its position in shares of Advanced Micro Devices by 0.7% in the 1st quarter. Columbia Bank now owns 5,188 shares of the semiconductor manufacturer’s stock worth $1,055,000 after acquiring an additional 34 shares in the last quarter. Evolution Wealth Management Inc. grew its stake in Advanced Micro Devices by 11.0% during the first quarter. Evolution Wealth Management Inc. now owns 352 shares of the semiconductor manufacturer’s stock worth $72,000 after purchasing an additional 35 shares during the period. Focused Wealth Management Inc grew its stake in Advanced Micro Devices by 2.7% during the first quarter. Focused Wealth Management Inc now owns 1,431 shares of the semiconductor manufacturer’s stock worth $291,000 after purchasing an additional 37 shares during the period. James J. Burns & Company LLC increased its holdings in Advanced Micro Devices by 2.3% in the fourth quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after purchasing an additional 40 shares in the last quarter. Finally, Private Wealth Management Group LLC lifted its stake in Advanced Micro Devices by 24.8% in the first quarter. Private Wealth Management Group LLC now owns 201 shares of the semiconductor manufacturer’s stock valued at $41,000 after buying an additional 40 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total value of $57,586,250.00. Following the completion of the sale, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. This represents a 4.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nora Denzel sold 8,626 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the sale, the director owned 87,173 shares of the company’s stock, valued at approximately $45,504,306. This trade represents a 9.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 374,739 shares of company stock valued at $161,135,671 in the last quarter. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $517.41 on Thursday. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The stock has a market cap of $843.69 billion, a PE ratio of 169.64, a price-to-earnings-growth ratio of 1.52 and a beta of 2.47. The stock’s fifty day simple moving average is $482.72 and its two-hundred day simple moving average is $314.89. Advanced Micro Devices, Inc. has a 1-year low of $137.59 and a 1-year high of $584.73.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business’s revenue was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 6.15 EPS for the current fiscal year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent analyst reports. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Benchmark increased their target price on Advanced Micro Devices from $325.00 to $485.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Wolfe Research set a $450.00 price target on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, June 15th. Cantor Fitzgerald boosted their price target on shares of Advanced Micro Devices from $500.00 to $700.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Finally, Erste Group Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $453.92.

Check Out Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Further Reading

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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