Mesirow Financial Investment Management Inc. Sells 1,356 Shares of Advanced Micro Devices, Inc. $AMD

Mesirow Financial Investment Management Inc. lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.3% in the fourth quarter, Holdings Channel reports. The firm owned 3,607 shares of the semiconductor manufacturer’s stock after selling 1,356 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Advanced Micro Devices were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Advanced Micro Devices by 1.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 98,090 shares of the semiconductor manufacturer’s stock valued at $21,007,000 after buying an additional 1,843 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Advanced Micro Devices by 123.6% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 7,736 shares of the semiconductor manufacturer’s stock valued at $1,657,000 after buying an additional 4,277 shares during the last quarter. Plancorp LLC lifted its position in shares of Advanced Micro Devices by 3.6% during the 4th quarter. Plancorp LLC now owns 5,431 shares of the semiconductor manufacturer’s stock valued at $1,163,000 after buying an additional 188 shares during the last quarter. Western Wealth Management LLC lifted its position in shares of Advanced Micro Devices by 25.6% during the 4th quarter. Western Wealth Management LLC now owns 14,145 shares of the semiconductor manufacturer’s stock valued at $3,029,000 after buying an additional 2,885 shares during the last quarter. Finally, Atlas Private Wealth Advisors purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $242,000. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMD shares. Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Susquehanna upped their price target on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research report on Wednesday, May 6th. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Stifel Nicolaus upped their price target on Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Bank of America upped their price target on Advanced Micro Devices from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $396.95.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $424.10 on Friday. The business’s 50-day moving average price is $273.49 and its two-hundred day moving average price is $240.52. Advanced Micro Devices, Inc. has a twelve month low of $107.67 and a twelve month high of $469.21. The stock has a market cap of $691.54 billion, a P/E ratio of 139.05, a PEG ratio of 1.34 and a beta of 2.40. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. Advanced Micro Devices’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 6.17 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $445.51, for a total transaction of $55,688,750.00. Following the completion of the sale, the chief executive officer directly owned 3,021,899 shares in the company, valued at $1,346,286,223.49. The trade was a 3.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total transaction of $10,832,450.64. Following the sale, the executive vice president owned 105,222 shares of the company’s stock, valued at approximately $46,759,604.58. The trade was a 18.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 309,598 shares of company stock worth $105,644,316 over the last three months. 0.50% of the stock is owned by insiders.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Q1 earnings and revenue both topped expectations, with data center sales up sharply on strong demand for EPYC CPUs and Instinct GPUs.
• Positive Sentiment: Several analysts raised price targets after the earnings report, citing AMD’s accelerating AI and data center growth.
• Positive Sentiment: AMD expanded FSR 4.1 support to older GPUs and introduced new Ryzen PRO 9000 offerings, reinforcing product momentum in client and gaming.

About Advanced Micro Devices

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.