Raab & Moskowitz Asset Management LLC Sells 3,065 Shares of Advanced Micro Devices, Inc. $AMD

Raab & Moskowitz Asset Management LLC reduced its holdings in Advanced Micro Devices, Inc. by 20.9% in Q2, selling 3,065 shares. Other institutional investors like Vanguard and Geode Capital increased their stakes. AMD's stock opened at $217.60, with a market cap of $354.26 billion. Analysts forecast AMD will post 3.87 EPS for the year. Insiders sold 75,676 shares worth $16,124,589 in the last 90 days.

Raab & Moskowitz Asset Management LLC cut its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,630 shares of the semiconductor manufacturer's stock after selling 3,065 shares during the quarter. Raab & Moskowitz Asset Management LLC's holdings in Advanced Micro Devices were worth $1,650,000 as of its most recent SEC filing.

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Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer's stock valued at $21,944,673,000 after buying an additional 2,281,508 shares during the period. Geode Capital Management LLC lifted its position in Advanced Micro Devices by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer's stock valued at $5,181,556,000 after acquiring an additional 514,445 shares in the last quarter. Norges Bank bought a new stake in Advanced Micro Devices in the 2nd quarter valued at $3,094,662,000. Amundi boosted its stake in Advanced Micro Devices by 8.0% in the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer's stock worth $1,677,014,000 after purchasing an additional 1,319,064 shares during the period. Finally, Invesco Ltd. boosted its stake in Advanced Micro Devices by 6.1% in the 2nd quarter. Invesco Ltd. now owns 12,534,569 shares of the semiconductor manufacturer's stock worth $1,778,655,000 after purchasing an additional 715,557 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $217.60 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The firm's fifty day moving average price is $223.35 and its two-hundred day moving average price is $174.36. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The firm has a market capitalization of $354.26 billion, a P/E ratio of 107.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.93.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.03. The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company's quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. As a group, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,450 shares of the business's stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares of the company's stock, valued at $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 17,108 shares of the company's stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the sale, the executive vice president owned 1,714,505 shares in the company, valued at $411,686,940.60. This represents a 0.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 75,676 shares of company stock worth $16,124,589. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

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Several analysts have issued reports on the company. The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $150.00 to $210.00 and gave the company a "neutral" rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Advanced Micro Devices from $180.00 to $270.00 and gave the stock a "neutral" rating in a report on Wednesday, November 5th. Rosenblatt Securities reissued a "buy" rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Truist Financial reaffirmed a "buy" rating and set a $279.00 price target (up previously from $273.00) on shares of Advanced Micro Devices in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Advanced Micro Devices in a research note on Tuesday, November 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $278.54.

Read Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Company Profile

(Free Report)

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.

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