CreativeOne Wealth LLC Purchases 646 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CreativeOne Wealth LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,794 shares of the semiconductor manufacturer’s stock after acquiring an additional 646 shares during the quarter. CreativeOne Wealth LLC’s holdings in Advanced Micro Devices were worth $1,064,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SouthState Corp increased its position in Advanced Micro Devices by 234.5% during the 3rd quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 272 shares in the last quarter. TD Capital Management LLC bought a new stake in Advanced Micro Devices during the 3rd quarter worth $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Advanced Micro Devices in the 3rd quarter worth about $27,000. Mine & Arao Wealth Creation & Management LLC. raised its position in Advanced Micro Devices by 1,915.8% in the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 364 shares during the last quarter. Finally, IAG Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 189.9% during the third quarter. IAG Wealth Partners LLC now owns 458 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. 67.17% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of AMD opened at $87.45 on Wednesday. The stock has a market cap of $140.92 billion, a P/E ratio of 99.38, a P/E/G ratio of 5.01 and a beta of 1.95. The business’s fifty day moving average is $77.51 and its 200 day moving average is $71.96. The company has a quick ratio of 1.77, a current ratio of 2.36 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12-month low of $54.57 and a 12-month high of $125.67.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its quarterly earnings data on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.52 billion. Advanced Micro Devices had a net margin of 5.59% and a return on equity of 8.52%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $0.83 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $81.69, for a total transaction of $2,450,700.00. Following the completion of the sale, the executive vice president now owns 1,516,945 shares in the company, valued at $123,919,237.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mark D. Papermaster sold 30,000 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $81.69, for a total transaction of $2,450,700.00. Following the transaction, the executive vice president now directly owns 1,516,945 shares of the company’s stock, valued at $123,919,237.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rick Bergman sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $85.88, for a total transaction of $257,640.00. Following the completion of the sale, the executive vice president now directly owns 155,232 shares of the company’s stock, valued at $13,331,324.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,000 shares of company stock worth $5,264,040. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Sanford C. Bernstein downgraded Advanced Micro Devices from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $95.00 to $80.00 in a research note on Tuesday, January 24th. Credit Suisse Group raised their price target on shares of Advanced Micro Devices from $90.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Citigroup boosted their price objective on shares of Advanced Micro Devices from $65.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. Mizuho lowered their target price on Advanced Micro Devices from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, February 1st. Finally, KeyCorp upped their price target on Advanced Micro Devices from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.60.

Advanced Micro Devices Profile

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.