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

Posted by Defense World Staff on Jun 14th, 2023

Audent Global Asset Management LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 52.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,357 shares of the semiconductor manufacturer’s stock after selling 31,279 shares during the quarter. Advanced Micro Devices comprises approximately 3.1% of Audent Global Asset Management LLC’s holdings, making the stock its 7th largest position. Audent Global Asset Management LLC’s holdings in Advanced Micro Devices were worth $1,837,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at $777,111,000. Fisher Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 33.5% during the fourth quarter. Fisher Asset Management LLC now owns 25,885,044 shares of the semiconductor manufacturer’s stock valued at $1,676,574,000 after purchasing an additional 6,490,705 shares during the last quarter. Northern Trust Corp raised its position in Advanced Micro Devices by 35.5% during the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after buying an additional 4,475,368 shares during the period. Two Sigma Advisers LP acquired a new position in Advanced Micro Devices during the fourth quarter valued at $248,305,000. Finally, Boston Partners raised its position in Advanced Micro Devices by 319.0% during the fourth quarter. Boston Partners now owns 3,846,348 shares of the semiconductor manufacturer’s stock valued at $248,336,000 after buying an additional 2,928,422 shares during the period. Institutional investors and hedge funds own 67.17% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $94.85, for a total value of $1,185,625.00. Following the completion of the sale, the executive vice president now owns 95,942 shares in the company, valued at approximately $9,100,098.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Paul Darren Grasby sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $94.85, for a total transaction of $1,185,625.00. Following the completion of the transaction, the executive vice president now owns 95,942 shares in the company, valued at approximately $9,100,098.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Victor Peng sold 105,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $124.57, for a total value of $13,079,850.00. Following the transaction, the insider now owns 321,090 shares of the company’s stock, valued at approximately $39,998,181.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 308,238 shares of company stock worth $35,251,519. 0.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial upped their price target on Advanced Micro Devices from $79.00 to $84.00 in a research report on Wednesday, May 3rd. Citigroup upped their price target on Advanced Micro Devices from $76.00 to $85.00 in a research report on Wednesday, May 3rd. Piper Sandler upped their target price on Advanced Micro Devices from $110.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 6th. Morgan Stanley upped their target price on Advanced Micro Devices from $87.00 to $102.00 in a research report on Monday, May 1st. Finally, Craig Hallum raised Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $100.00 in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $102.17.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $124.53 on Wednesday. The business has a 50 day moving average price of $101.96 and a 200 day moving average price of $86.40. Advanced Micro Devices, Inc. has a twelve month low of $54.57 and a twelve month high of $132.83. The company has a market cap of $200.54 billion, a price-to-earnings ratio of 541.43, a PEG ratio of 9.45 and a beta of 1.92. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Advanced Micro Devices had a return on equity of 7.19% and a net margin of 1.71%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the company earned $1.02 EPS. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 2.17 earnings per share for the current year.

Advanced Micro Devices Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.