Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Increased by Quent Capital LLC

Quent Capital LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,497 shares of the semiconductor manufacturer’s stock after buying an additional 174 shares during the quarter. Quent Capital LLC’s holdings in Advanced Micro Devices were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AMD. Itau Unibanco Holding S.A. raised its holdings in shares of Advanced Micro Devices by 19.1% during the first quarter. Itau Unibanco Holding S.A. now owns 103,735 shares of the semiconductor manufacturer’s stock worth $10,167,000 after acquiring an additional 16,622 shares in the last quarter. Shikiar Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $10,199,000. Vicus Capital bought a new stake in shares of Advanced Micro Devices in the 1st quarter valued at approximately $243,000. Liberty One Investment Management LLC increased its holdings in Advanced Micro Devices by 5.0% in the first quarter. Liberty One Investment Management LLC now owns 2,247 shares of the semiconductor manufacturer’s stock worth $220,000 after buying an additional 108 shares during the last quarter. Finally, SouthState Corp raised its position in Advanced Micro Devices by 128.1% during the fourth quarter. SouthState Corp now owns 885 shares of the semiconductor manufacturer’s stock valued at $57,000 after acquiring an additional 497 shares in the last quarter. 68.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMD. Benchmark increased their price target on shares of Advanced Micro Devices from $108.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Raymond James raised their target price on Advanced Micro Devices from $110.00 to $145.00 in a report on Wednesday, June 14th. Barclays upped their price target on Advanced Micro Devices from $90.00 to $145.00 in a research note on Wednesday, June 14th. Susquehanna raised their price objective on Advanced Micro Devices from $135.00 to $145.00 and gave the company a “positive” rating in a research note on Wednesday, August 2nd. Finally, Citigroup upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and upped their price target for the company from $120.00 to $136.00 in a report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $135.19.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total value of $8,369,250.00. Following the transaction, the chief executive officer now directly owns 3,192,774 shares of the company’s stock, valued at $356,281,650.66. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Paul Darren Grasby sold 14,942 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the sale, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at approximately $11,010,047.23. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the transaction, the chief executive officer now directly owns 3,192,774 shares in the company, valued at approximately $356,281,650.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 196,643 shares of company stock worth $21,395,584. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

AMD traded down $5.14 during midday trading on Friday, hitting $101.49. The company had a trading volume of 71,103,616 shares, compared to its average volume of 63,968,188. Advanced Micro Devices, Inc. has a twelve month low of $54.57 and a twelve month high of $132.83. The firm’s 50-day simple moving average is $110.20 and its 200-day simple moving average is $104.13. The company has a market capitalization of $163.97 billion, a PE ratio of -5,071.96, a P/E/G ratio of 5.98 and a beta of 1.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.58 and a current ratio of 2.18.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company posted $0.91 EPS. Advanced Micro Devices’s revenue was down 18.2% on a year-over-year basis. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.01 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.