Signature Estate & Investment Advisors LLC decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 11.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,488 shares of the semiconductor manufacturer’s stock after selling 326 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $353,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in Advanced Micro Devices by 277.8% during 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 period. American Capital Advisory LLC lifted its stake in Advanced Micro Devices by 90.3% during 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 period. Dogwood Wealth Management LLC lifted its stake in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 208 shares during the period. West Branch Capital LLC lifted its stake in Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 214 shares during the period. Finally, Bear Mountain Capital Inc. lifted its stake in Advanced Micro Devices by 75.0% during 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 period. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Up 3.2%
NASDAQ:AMD opened at $240.56 on Tuesday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $242.88. The company has a market cap of $390.39 billion, a price-to-earnings ratio of 138.25, a price-to-earnings-growth ratio of 2.32 and a beta of 1.90. The stock has a fifty day simple moving average of $177.32 and a 200-day simple moving average of $143.15. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.
Insider Buying and Selling at Advanced Micro Devices
In other news, EVP Mark D. Papermaster sold 16,800 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $224.28, for a total transaction of $3,767,904.00. Following the sale, the executive vice president owned 1,714,505 shares in the company, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of Advanced Micro Devices 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 sale, the executive vice president directly owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,118 shares of company stock valued at $46,180,719. Insiders own 0.06% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on AMD. Sanford C. Bernstein increased their price objective on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Morgan Stanley increased their price objective on shares of Advanced Micro Devices from $168.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Jefferies Financial Group set a $300.00 price objective on shares of Advanced Micro Devices and gave the stock a “positive” rating in a research note on Monday, October 6th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Finally, Susquehanna increased their price objective on shares of Advanced Micro Devices from $135.00 to $210.00 and gave the stock a “positive” rating in a research note on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.94.
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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