Stance Capital LLC Makes New Investment in Advanced Micro Devices, Inc. $AMD

Stance Capital LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 11,193 shares of the semiconductor manufacturer’s stock, valued at approximately $1,588,000.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after acquiring an additional 234 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in shares of Advanced Micro Devices by 18.2% in the first quarter. Vestmark Advisory Solutions Inc. now owns 29,054 shares of the semiconductor manufacturer’s stock worth $2,985,000 after acquiring an additional 4,482 shares during the period. Trivium Point Advisory LLC grew its stake in shares of Advanced Micro Devices by 7.3% in the first quarter. Trivium Point Advisory LLC now owns 3,059 shares of the semiconductor manufacturer’s stock worth $314,000 after acquiring an additional 207 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 18.2% during the first quarter. EverSource Wealth Advisors LLC now owns 9,630 shares of the semiconductor manufacturer’s stock valued at $989,000 after purchasing an additional 1,481 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the completion of the transaction, the executive vice president owned 1,714,505 shares in the company, valued at $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the sale, the chief executive officer owned 3,277,476 shares in the company, valued at $705,116,186.64. This represents a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 183,476 shares of company stock worth $40,249,093 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $210.78 on Friday. The company has a market capitalization of $343.16 billion, a price-to-earnings ratio of 104.35, a PEG ratio of 1.56 and a beta of 1.93. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $231.11 and its 200-day simple moving average is $179.57. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company earned $0.92 EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AMD. Melius Research set a $380.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Stifel Nicolaus upped their price objective on Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. HSBC raised their price objective on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, TD Cowen increased their price target on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

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.