Orin Green Financial LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,496 shares of the semiconductor manufacturer’s stock, valued at approximately $212,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. American Capital Advisory LLC raised its holdings in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 130 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 208 shares in the last quarter. West Branch Capital LLC grew its holdings in Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 214 shares during the last quarter. Finally, Bear Mountain Capital Inc. increased its position in Advanced Micro Devices by 75.0% in the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $34,000 after acquiring an additional 150 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Price Performance
Shares of AMD opened at $233.08 on Monday. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The stock has a market cap of $378.25 billion, a P/E ratio of 133.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.90. The stock’s 50-day moving average price is $175.96 and its two-hundred day moving average price is $142.07. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $241.20.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on AMD shares. Roth Capital set a $250.00 target price on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research report on Monday, October 6th. Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Bank of America lifted their target price on Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. Citigroup upped their price target on Advanced Micro Devices from $180.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $240.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six 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, the company has an average rating of “Moderate Buy” and a consensus target price of $233.94.
Check Out Our Latest Research Report on Advanced Micro Devices
Insiders Place Their Bets
In related news, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,118 shares of company stock worth $46,180,719 over the last 90 days. 0.06% of the stock is currently owned by corporate 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.
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