High Net Worth Advisory Group LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,881 shares of the semiconductor manufacturer’s stock, valued at approximately $214,000.
A number of other hedge funds have also added to or reduced their stakes in AMD. Fairfield Bush & CO. acquired a new position in Advanced Micro Devices during the first quarter worth $836,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Advanced Micro Devices by 49.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock worth $260,746,000 after purchasing an additional 791,710 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 34.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock worth $293,000 after purchasing an additional 692 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Advanced Micro Devices by 104.8% in the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after purchasing an additional 4,072 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Advanced Micro Devices by 217.2% during the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after buying an additional 272,557 shares during the last quarter. 68.43% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price objective on Advanced Micro Devices from $92.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. StockNews.com began coverage on Advanced Micro Devices in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. BMO Capital Markets increased their price target on Advanced Micro Devices from $110.00 to $150.00 in a research report on Wednesday, June 14th. Piper Sandler upped their price objective on Advanced Micro Devices from $110.00 to $150.00 and gave the company an “overweight” rating in a research note on Tuesday, June 6th. Finally, Robert W. Baird lifted their target price on Advanced Micro Devices from $100.00 to $170.00 in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.19.
Advanced Micro Devices Price Performance
AMD opened at $101.49 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.58 and a current ratio of 2.18. The stock has a market capitalization of $163.97 billion, a PE ratio of -5,071.96, a price-to-earnings-growth ratio of 5.98 and a beta of 1.80. The stock’s 50 day moving average price is $110.20 and its 200-day moving average price is $104.13. Advanced Micro Devices, Inc. has a 52-week low of $54.57 and a 52-week high of $132.83.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.32 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. Advanced Micro Devices’s quarterly revenue was down 18.2% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.01 EPS for the current year.
Insider Buying and Selling at Advanced Micro Devices
In other news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total value of $8,369,250.00. Following the completion of the transaction, the chief executive officer now owns 3,192,774 shares of the company’s stock, valued at approximately $356,281,650.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Lisa T. Su sold 75,000 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 3,192,774 shares in the company, valued at approximately $356,281,650.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction on 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 196,643 shares of company stock worth $21,395,584. 0.73% of the stock is owned by insiders.
Advanced Micro Devices 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.
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