Victory Capital Management Inc. Sells 208,168 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Victory Capital Management Inc. reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,252,338 shares of the semiconductor manufacturer’s stock after selling 208,168 shares during the quarter. Victory Capital Management Inc.’s holdings in Advanced Micro Devices were worth $184,607,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMD. Raymond James Financial Services Advisors Inc. increased its position in shares of Advanced Micro Devices by 9.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 600,310 shares of the semiconductor manufacturer’s stock valued at $61,724,000 after purchasing an additional 50,449 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of Advanced Micro Devices by 16.2% during the 3rd quarter. Simon Quick Advisors LLC now owns 3,864 shares of the semiconductor manufacturer’s stock valued at $397,000 after purchasing an additional 539 shares during the last quarter. Capital Advisors Inc. OK increased its position in shares of Advanced Micro Devices by 5.4% during the 3rd quarter. Capital Advisors Inc. OK now owns 3,262 shares of the semiconductor manufacturer’s stock valued at $335,000 after purchasing an additional 166 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Advanced Micro Devices by 63.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 67,210 shares of the semiconductor manufacturer’s stock valued at $6,911,000 after purchasing an additional 26,081 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 53.4% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 10,683 shares of the semiconductor manufacturer’s stock valued at $1,098,000 after purchasing an additional 3,719 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. TD Cowen increased their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Susquehanna reduced their price target on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research report on Monday. Finally, Roth Mkm reduced their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.62.

Advanced Micro Devices Stock Down 8.9 %

Advanced Micro Devices stock opened at $144.27 on Thursday. The stock has a market cap of $233.16 billion, a PE ratio of 212.16, a price-to-earnings-growth ratio of 2.41 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The stock has a fifty day moving average of $176.64 and a 200 day moving average of $151.54.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.74% and a net margin of 4.89%. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 earnings per share. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is 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.