Transcend Capital Advisors LLC Sells 134 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Transcend Capital Advisors LLC cut its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,400 shares of the semiconductor manufacturer’s stock after selling 134 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $649,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Gables Capital Management Inc. bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Kathleen S. Wright Associates Inc. bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $30,000. Addison Advisors LLC grew its position in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 62 shares during the last quarter. Peoples Bank KS bought a new position in Advanced Micro Devices during the 3rd quarter worth approximately $26,000. Finally, Spartan Planning & Wealth Management bought a new position in Advanced Micro Devices during the 3rd quarter worth approximately $27,000. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now owns 258,690 shares in the company, valued at $45,513,918.60. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 over the last 90 days. Company insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Monday, January 8th. Roth Mkm increased their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Truist Financial increased their price objective on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. Finally, Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Up 2.4 %

Advanced Micro Devices stock opened at $157.40 on Monday. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The firm has a market cap of $254.38 billion, a price-to-earnings ratio of 302.69, a PEG ratio of 2.39 and a beta of 1.64. The stock has a fifty day simple moving average of $177.46 and a two-hundred day simple moving average of $150.85.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the company posted $0.54 earnings per share. Advanced Micro Devices’s revenue was up 10.2% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

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.