Elgethun Capital Management Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Elgethun Capital Management purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,167 shares of the semiconductor manufacturer’s stock, valued at approximately $133,000.

Several other hedge funds have also bought and sold shares of the business. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Advanced Micro Devices by 336.0% during the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 168 shares during the last quarter. Tucker Asset Management LLC bought a new position in Advanced Micro Devices during the 1st quarter valued at about $31,000. Dividend Assets Capital LLC bought a new position in Advanced Micro Devices during the 2nd quarter valued at about $35,000. Private Ocean LLC boosted its holdings in shares of Advanced Micro Devices by 357.1% during the 2nd quarter. Private Ocean LLC now owns 320 shares of the semiconductor manufacturer’s stock valued at $36,000 after acquiring an additional 250 shares during the last quarter. Finally, Samalin Investment Counsel LLC grew its stake in shares of Advanced Micro Devices by 112.5% in the first quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock worth $37,000 after acquiring an additional 180 shares during the period. Institutional investors own 68.43% of the company’s stock.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total value of $7,905,000.00. Following the sale, the chief executive officer now directly owns 3,358,721 shares of the company’s stock, valued at $354,009,193.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the sale, the chief executive officer now owns 3,358,721 shares in the company, valued at $354,009,193.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the transaction, the executive vice president now 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. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMD shares. Barclays lowered their price objective on shares of Advanced Micro Devices from $145.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 1st. Truist Financial dropped their price target on shares of Advanced Micro Devices from $128.00 to $98.00 and set a “hold” rating on the stock in a research note on Wednesday, November 1st. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, September 20th. Roth Mkm initiated coverage on Advanced Micro Devices in a research report on Tuesday, November 14th. They set a “buy” rating and a $125.00 target price on the stock. Finally, UBS Group reduced their price target on Advanced Micro Devices from $145.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.77.

Advanced Micro Devices Stock Down 2.4 %

Shares of AMD traded down $2.94 during mid-day trading on Tuesday, hitting $118.59. The company’s stock had a trading volume of 16,503,125 shares, compared to its average volume of 61,930,504. The company has a current ratio of 2.19, a quick ratio of 1.61 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average is $105.73 and its 200-day moving average is $109.56. Advanced Micro Devices, Inc. has a 52-week low of $60.05 and a 52-week high of $132.83. The firm has a market capitalization of $189.74 billion, a price-to-earnings ratio of 1,012.75, a PEG ratio of 6.27 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Advanced Micro Devices had a net margin of 0.94% and a return on equity of 5.61%. The business had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same period last year, the business earned $0.54 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 1.92 EPS for the current fiscal year.

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.