Richard W. Paul & Associates LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 5.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,875 shares of the semiconductor manufacturer’s stock after purchasing an additional 488 shares during the quarter. Richard W. Paul & Associates LLC’s holdings in Advanced Micro Devices were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised 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 buying an additional 234 shares in the last quarter. Carnegie Investment Counsel lifted its position in Advanced Micro Devices by 5.3% in the 1st quarter. Carnegie Investment Counsel now owns 43,829 shares of the semiconductor manufacturer’s stock worth $4,503,000 after buying an additional 2,211 shares during the last quarter. Lifeworks Advisors LLC boosted its stake in Advanced Micro Devices by 5.6% in the first quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer’s stock worth $203,000 after buying an additional 104 shares in the last quarter. Finally, Brookwood Investment Group LLC bought a new position in Advanced Micro Devices during the first quarter valued at approximately $597,000. 71.34% of the stock is currently owned by institutional investors.
Advanced Micro Devices Stock Down 1.1%
Shares of NASDAQ AMD opened at $203.78 on Friday. The firm has a fifty day simple moving average of $214.51 and a two-hundred day simple moving average of $167.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. 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 firm has a market capitalization of $331.76 billion, a PE ratio of 117.11, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93.
Insider Activity
In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were 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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the sale, the executive vice president directly owned 300,348 shares in the company, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 75,676 shares of company stock worth $16,124,589. Corporate insiders own 0.06% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on AMD shares. TD Cowen boosted their price objective on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Dbs Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. CICC Research upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective on the stock in a report on Friday, November 7th. JPMorgan Chase & Co. raised their price target on Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $278.54.
Get Our Latest Stock Report on Advanced Micro Devices
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.
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