Maridea Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,024 shares of the semiconductor manufacturer’s stock, valued at approximately $1,848,000.
Several other hedge funds also recently bought and sold shares of AMD. Farmers & Merchants Trust Co of Chambersburg PA grew its position in Advanced Micro Devices by 277.8% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. American Capital Advisory LLC grew its position in Advanced Micro Devices by 90.3% in the 1st quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 130 shares during the last quarter. Kozak & Associates Inc. grew its position in Advanced Micro Devices by 67.6% in the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after acquiring an additional 123 shares during the last quarter. Investors Research Corp grew its position in Advanced Micro Devices by 117.9% in the 1st quarter. Investors Research Corp now owns 305 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 165 shares during the last quarter. Finally, Bear Mountain Capital Inc. grew its position in Advanced Micro Devices by 75.0% in the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Price Performance
Shares of AMD stock opened at $160.88 on Thursday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $186.65. The stock’s 50-day moving average is $165.42 and its 200 day moving average is $130.39. The company has a market cap of $261.08 billion, a P/E ratio of 92.46, a PEG ratio of 1.90 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.
Analyst Upgrades and Downgrades
AMD has been the topic of several research analyst reports. Susquehanna upped their price objective on Advanced Micro Devices from $135.00 to $210.00 and gave the company a “positive” rating in a research report on Wednesday, July 30th. The Goldman Sachs Group raised Advanced Micro Devices to a “hold” rating and set a $140.00 price objective on the stock in a research report on Thursday, July 10th. Melius Research raised Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and increased their price target for the stock from $110.00 to $175.00 in a research report on Monday, June 23rd. Barclays increased their price target on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Finally, Truist Financial raised Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their price target for the stock from $173.00 to $213.00 in a research report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $180.88.
View Our Latest Stock Report on Advanced Micro Devices
Insiders Place Their Bets
In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 270,198 shares of company stock valued at $44,183,576. 0.06% of the stock is owned by corporate insiders.
Advanced Micro Devices Profile
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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