1,666 Shares in Advanced Micro Devices, Inc. $AMD Acquired by Souders Financial Advisors

Souders Financial Advisors purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,666 shares of the semiconductor manufacturer’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dogwood Wealth Management LLC grew its stake 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 worth $30,000 after buying an additional 208 shares during the last quarter. Avion Wealth boosted 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 worth $30,000 after acquiring an additional 72 shares in the last quarter. West Branch Capital LLC increased its stake in shares of Advanced Micro Devices by 3,057.1% in the second 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 in the last quarter. High Note Wealth LLC raised its stake in shares of Advanced Micro Devices by 285.5% in the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock worth $38,000 after acquiring an additional 197 shares during the last quarter. Finally, Quaker Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 136.2% during the second quarter. Quaker Wealth Management LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $39,000 after purchasing an additional 1,039 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of several research analyst reports. HSBC boosted their price objective on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Roth Capital upped their price target on Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday. Evercore ISI raised their price target on Advanced Micro Devices from $240.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday. Wedbush lifted their price objective on Advanced Micro Devices from $270.00 to $290.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Jefferies Financial Group set a $300.00 target price on shares of Advanced Micro Devices and gave the company a “positive” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $263.21.

Insider Activity at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated 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 owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the sale, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. The trade was a 5.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 274,118 shares of company stock valued at $46,180,719 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Down 7.3%

Advanced Micro Devices stock opened at $237.70 on Friday. The company has a 50 day moving average of $197.92 and a 200-day moving average of $157.32. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The stock has a market capitalization of $385.75 billion, a PE ratio of 136.61, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

About Advanced Micro Devices

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.