Curbstone Financial Management Corp purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,476 shares of the semiconductor manufacturer’s stock, valued at approximately $493,000.
A number of other large investors have also recently bought and sold shares of the company. Dogwood Wealth Management LLC increased its holdings in Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after buying an additional 208 shares during the period. West Branch Capital LLC increased its holdings in Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 214 shares during the period. High Note Wealth LLC increased its holdings in Advanced Micro Devices by 285.5% in the 2nd quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock valued at $38,000 after buying an additional 197 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings 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 buying an additional 200 shares during the period. Finally, American Capital Advisory LLC increased its holdings 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 buying an additional 130 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices Stock Down 0.6%
Shares of NASDAQ AMD opened at $233.08 on Friday. The company has a 50 day simple moving average of $175.96 and a 200 day simple moving average of $141.73. The firm has a market cap of $378.25 billion, a PE ratio of 133.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $241.20. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.
Insiders Place Their Bets
In related news, EVP Mark D. Papermaster sold 16,800 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the completion of the transaction, the executive vice president owned 1,714,505 shares in the company, valued at $384,529,181.40. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,118 shares of company stock worth $46,180,719 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Truist Financial reissued a “buy” rating and issued a $273.00 target price (up from $213.00) on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Evercore ISI raised their price target on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Piper Sandler restated an “overweight” rating and issued a $240.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. The Goldman Sachs Group raised their price target on shares of Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group set a $300.00 price target on shares of Advanced Micro Devices and gave the company a “positive” rating in a research note on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $233.94.
Get Our Latest Analysis on Advanced Micro Devices
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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