Marex Group plc Makes New Investment in Advanced Micro Devices, Inc. $AMD

Marex Group plc purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the second quarter, Holdings Channel.com reports. The fund purchased 79,591 shares of the semiconductor manufacturer’s stock, valued at approximately $11,294,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wise Wealth Partners acquired a new stake in Advanced Micro Devices in the second quarter valued at approximately $343,000. Waterfront Wealth Inc. acquired a new position in shares of Advanced Micro Devices during the second quarter worth $1,145,000. Parisi Gray Wealth Management purchased a new position in shares of Advanced Micro Devices in the second quarter valued at $343,000. Global Retirement Partners LLC acquired a new stake in Advanced Micro Devices during the 2nd quarter valued at $4,519,000. Finally, Cornercap Investment Counsel Inc. grew its holdings in Advanced Micro Devices by 43.3% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock valued at $1,738,000 after purchasing an additional 3,702 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, SVP Ava Hahn sold 2,868 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. This trade represents 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 over the last three months. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMD. Truist Financial reiterated a “buy” rating and issued a $279.00 price objective (up previously from $273.00) on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Piper Sandler reiterated an “overweight” rating and issued a $280.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Roth Capital restated a “buy” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Finally, Jefferies Financial Group set a $300.00 target price on Advanced Micro Devices and gave the company a “positive” rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Advanced Micro Devices Stock Down 4.8%

Shares of NASDAQ:AMD opened at $210.78 on Friday. The company’s fifty day moving average is $231.11 and its two-hundred day moving average is $179.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The stock has a market capitalization of $343.16 billion, a price-to-earnings ratio of 104.35, a price-to-earnings-growth ratio of 1.56 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 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The business had revenue of $9.25 billion during 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.