E Fund Management Hong Kong Co. Ltd. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 142.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,841 shares of the semiconductor manufacturer’s stock after buying an additional 1,082 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Advanced Micro Devices were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of AMD. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of 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 worth $28,000 after buying an additional 200 shares during the last quarter. American Capital Advisory LLC lifted its position in Advanced Micro Devices by 90.3% during the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock valued at $28,000 after purchasing an additional 130 shares in the last quarter. Kozak & Associates Inc. lifted its position in Advanced Micro Devices by 67.6% during the first quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 208 shares in the last quarter. Finally, West Branch Capital LLC lifted its position in Advanced Micro Devices by 3,057.1% during the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 214 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Advanced Micro Devices Trading Up 11.4%
Shares of AMD stock opened at $235.56 on Thursday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $235.87. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock’s 50-day moving average price is $168.34 and its 200-day moving average price is $135.71. The stock has a market capitalization of $382.28 billion, a price-to-earnings ratio of 135.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.90.
Insider Transactions at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the sale, the executive vice president directly owned 311,598 shares of the company’s stock, valued at $51,416,785.98. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,316 shares of company stock valued at $45,203,045. 0.06% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on AMD. Benchmark lifted their target price on Advanced Micro Devices from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Monday. Sanford C. Bernstein lifted their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a research report on Monday, July 21st. Rosenblatt Securities lifted their target price on Advanced Micro Devices from $200.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America lifted their target price on Advanced Micro Devices from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, Roth Capital set a $250.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $217.70.
View Our Latest Analysis on AMD
Advanced Micro Devices Company 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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