GoalVest Advisory LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 4,200.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430 shares of the semiconductor manufacturer’s stock after purchasing an additional 420 shares during the period. GoalVest Advisory LLC’s holdings in Advanced Micro Devices were worth $61,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC increased its holdings 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 worth $30,000 after purchasing an additional 208 shares in the last quarter. Avion Wealth grew its holdings in shares of Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 72 shares in the last quarter. West Branch Capital LLC grew its holdings in shares of 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 acquiring an additional 214 shares in the last quarter. High Note Wealth LLC grew its holdings in shares of 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 acquiring an additional 197 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA grew its holdings 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 valued at $28,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Trading Up 2.7%
Shares of AMD stock opened at $259.67 on Tuesday. The firm has a 50 day moving average price of $183.76 and a two-hundred day moving average price of $148.62. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $421.40 billion, a PE ratio of 149.24, a price-to-earnings-growth ratio of 2.31 and a beta of 1.90. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $260.42.
Insider Activity
In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president directly owned 311,598 shares in the company, valued at $51,416,785.98. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares of the company’s stock, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,118 shares of company stock valued at $46,180,719. Company insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on AMD shares. Citigroup raised their price objective on Advanced Micro Devices from $180.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Jefferies Financial Group set a $300.00 price objective on Advanced Micro Devices and gave the company a “positive” rating in a report on Monday, October 6th. KGI Securities set a $260.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a report on Monday, October 13th. Sanford C. Bernstein raised their price objective on Advanced Micro Devices from $95.00 to $140.00 and gave the company a “market perform” rating in a report on Monday, July 21st. Finally, Truist Financial restated a “buy” rating and issued a $273.00 price objective (up previously from $213.00) on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $233.94.
View Our Latest Stock Analysis on Advanced Micro Devices
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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