Gulf International Bank UK Ltd Sells 5,747 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Gulf International Bank UK Ltd decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 126,936 shares of the semiconductor manufacturer’s stock after selling 5,747 shares during the quarter. Advanced Micro Devices comprises about 0.5% of Gulf International Bank UK Ltd’s investment portfolio, making the stock its 29th largest position. Gulf International Bank UK Ltd’s holdings in Advanced Micro Devices were worth $20,827,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMD. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares during the last quarter. ZRC Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares during the period. Morton Brown Family Wealth LLC increased its position in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the last quarter. Fairway Wealth LLC bought a new stake in Advanced Micro Devices in the second quarter worth $27,000. Finally, Semmax Financial Advisors Inc. boosted its stake in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after buying an additional 139 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.8 %

AMD stock opened at $140.71 on Tuesday. The stock has a market capitalization of $228.35 billion, a PE ratio of 126.77, a price-to-earnings-growth ratio of 1.98 and a beta of 1.71. Advanced Micro Devices, Inc. has a 52 week low of $110.22 and a 52 week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a 50 day moving average of $154.57 and a 200 day moving average of $155.67.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMD shares. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. UBS Group cut their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Truist Financial cut their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Finally, Piper Sandler reissued an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

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.