920,000 Shares in Advanced Micro Devices, Inc. $AMD Acquired by Holocene Advisors LP

Holocene Advisors LP acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 920,000 shares of the semiconductor manufacturer’s stock, valued at approximately $130,548,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AMD. Cornerstone Advisory LLC boosted its position in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock worth $606,000 after purchasing an additional 57 shares during the last quarter. King Wealth Management Group lifted its stake in Advanced Micro Devices by 2.1% in the second quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $428,000 after buying an additional 62 shares during the period. Tortoise Investment Management LLC lifted its stake in Advanced Micro Devices by 14.8% in the second quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer’s stock valued at $71,000 after buying an additional 65 shares during the period. Tritonpoint Wealth LLC boosted its holdings in Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 72 shares during the last quarter. Finally, Avion Wealth grew its position in shares of Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 72 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 4.8%

NASDAQ AMD opened at $210.78 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $231.11 and a 200-day moving average of $179.11. The company has a market cap of $343.16 billion, a PE ratio of 104.35, a PEG ratio of 1.64 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMD shares. Susquehanna restated a “positive” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 31st. Loop Capital set a $290.00 price target on shares of Advanced Micro Devices and gave the company a “buy” rating in a report on Wednesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and set a $280.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Stifel Nicolaus boosted their target price on Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Truist Financial restated a “buy” rating and issued a $279.00 price target (up from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $278.54.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the sale, the executive vice president directly owned 300,348 shares in the company, valued at approximately $68,890,820.76. This trade represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. The trade was a 0.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 183,476 shares of company stock valued at $40,249,093 in the last 90 days. 0.06% of the stock is owned by company insiders.

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.