4,559 Advanced Micro Devices, Inc. $AMD Shares Acquired by MSH Capital Advisors LLC

MSH Capital Advisors LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 211.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,715 shares of the semiconductor manufacturer’s stock after buying an additional 4,559 shares during the period. MSH Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $4,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Advisory LLC raised its holdings in Advanced Micro Devices by 1.7% in the 3rd quarter. Cornerstone Advisory LLC now owns 4,810 shares of the semiconductor manufacturer’s stock worth $2,942,000 after acquiring an additional 80 shares during the period. Ibex Wealth Advisors lifted its position in Advanced Micro Devices by 7.8% during the 3rd quarter. Ibex Wealth Advisors now owns 11,245 shares of the semiconductor manufacturer’s stock worth $6,879,000 after acquiring an additional 816 shares during the last quarter. Shah Wealth Advisors LLC acquired a new position in Advanced Micro Devices during the 3rd quarter worth $497,000. Wellington Grp LLC lifted its position in Advanced Micro Devices by 136.6% during the 3rd quarter. Wellington Grp LLC now owns 9,858 shares of the semiconductor manufacturer’s stock worth $6,031,000 after acquiring an additional 5,692 shares during the last quarter. Finally, Purkiss Capital Advisors LLC lifted its position in Advanced Micro Devices by 1,584.4% during the 3rd quarter. Purkiss Capital Advisors LLC now owns 6,805 shares of the semiconductor manufacturer’s stock worth $4,163,000 after acquiring an additional 6,401 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 28,811 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $471.87, for a total transaction of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares of the company’s stock, valued at approximately $595,245,602.07. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $540.70, for a total value of $9,333,563.40. Following the sale, the executive vice president owned 353,317 shares in the company, valued at approximately $191,038,501.90. This represents a 4.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 232,588 shares of company stock worth $116,292,222. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $51.24 on Friday, hitting $534.06. 49,061,909 shares of the company were exchanged, compared to its average volume of 33,352,236. The company’s 50 day moving average price is $554.55 and its two-hundred day moving average price is $422.13. Advanced Micro Devices, Inc. has a one year low of $188.22 and a one year high of $658.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.93 and a current ratio of 2.72. The firm has a market capitalization of $875.90 billion, a price-to-earnings ratio of 116.10, a PEG ratio of 5.63 and a beta of 2.49.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The business had revenue of $13.38 billion during the quarter, compared to analysts’ expectations of $13.10 billion. During the same quarter last year, the company earned $1.20 earnings per share. The firm’s revenue was up 44.7% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 6.93 earnings per share for the current year.

Trending Headlines about Advanced Micro Devices

These are some of the AMD headlines that stood out recently:

• Positive Sentiment: Google’s selection of AMD EPYC processors for infrastructure supporting its next-generation TPU chips strengthens AMD’s role in hyperscaler AI systems and could support data-center growth. How to Play AMD Stock as Google Picks EPYC for Its Next-Gen TPUs
• Positive Sentiment: Analyst support and Lisa Su’s CEO of the Year recognition reinforce the bullish longer-term narrative around AMD’s recent gains and competitive position, though neither fully offset Friday’s sector weakness. AMD’s Lisa Su named CEO of the year
• Neutral Sentiment: Director Nora Denzel disclosed a sale of 9,000 AMD shares. The transaction is a modest insider sale and does not by itself establish a change in the company’s outlook. SEC filing

Analysts Set New Price Targets

AMD has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on Advanced Micro Devices from $700.00 to $725.00 and gave the stock a “buy” rating in a research note on Wednesday, November 4th. Citigroup downgraded Advanced Micro Devices from a “buy” rating to an “underperform” rating in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and set a $700.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $540.00 target price on shares of Advanced Micro Devices in a report on Thursday. Finally, Truist Financial lifted their price target on Advanced Micro Devices from $594.00 to $605.00 and gave the stock a “buy” rating in a research report on Wednesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $640.11.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc. (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors. The company’s product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.