3,446 Shares in Advanced Micro Devices, Inc. $AMD Purchased by Lifeworks Advisors LLC

Lifeworks Advisors LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,446 shares of the semiconductor manufacturer’s stock, valued at approximately $701,000.

Several other institutional investors have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. increased its position in Advanced Micro Devices by 6,228.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 308,021 shares of the semiconductor manufacturer’s stock valued at $65,966,000 after acquiring an additional 303,154 shares during the last quarter. Boomfish Wealth Group LLC bought a new stake in shares of Advanced Micro Devices in the 1st quarter worth about $1,193,000. Williamson Legacy Group LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $1,118,000. Thoroughbred Financial Services LLC boosted its stake in shares of Advanced Micro Devices by 8.8% during the 4th quarter. Thoroughbred Financial Services LLC now owns 32,827 shares of the semiconductor manufacturer’s stock worth $7,030,000 after purchasing an additional 2,654 shares during the period. Finally, Valtinson Bruner Financial Planning LLC bought a new position in Advanced Micro Devices during the 4th quarter valued at about $1,523,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Paul Darren Grasby sold 24,376 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the transaction, the executive vice president owned 105,222 shares of the company’s stock, valued at $46,759,604.58. The trade was a 18.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 31,320 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares of the company’s stock, valued at $432,612,950. The trade was a 2.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 374,739 shares of company stock worth $161,135,671. 0.50% of the stock is owned by corporate insiders.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Advanced Micro Devices Trading Down 4.2%

Shares of NASDAQ AMD opened at $534.39 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $141.90 and a 1-year high of $584.73. The business has a fifty day moving average price of $495.20 and a 200 day moving average price of $321.90. The stock has a market capitalization of $871.38 billion, a P/E ratio of 175.21, a price-to-earnings-growth ratio of 1.64 and a beta of 2.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a return on equity of 9.55% and a net margin of 13.37%.The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 6.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Roth Capital reissued a “buy” rating and issued a $500.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 6th. Stifel Nicolaus boosted their target price on Advanced Micro Devices from $450.00 to $635.00 and gave the company a “buy” rating in a research report on Friday. Erste Group Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Wolfe Research set a $450.00 price target on Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $460.95.

View Our Latest Stock Analysis on AMD

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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