Tactive Advisors LLC Buys New Stake in Advanced Micro Devices, Inc. $AMD

Tactive Advisors LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 9,416 shares of the semiconductor manufacturer’s stock, valued at approximately $1,336,000.

A number of other institutional investors have also modified their holdings of AMD. Brighton Jones LLC boosted its position in Advanced Micro Devices by 178.2% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after purchasing an additional 234 shares during the period. Vestmark Advisory Solutions Inc. boosted its holdings in Advanced Micro Devices by 18.2% during the first quarter. Vestmark Advisory Solutions Inc. now owns 29,054 shares of the semiconductor manufacturer’s stock worth $2,985,000 after buying an additional 4,482 shares in the last quarter. Trivium Point Advisory LLC grew its position in Advanced Micro Devices by 7.3% during the first quarter. Trivium Point Advisory LLC now owns 3,059 shares of the semiconductor manufacturer’s stock valued at $314,000 after buying an additional 207 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Advanced Micro Devices by 18.2% in the first quarter. EverSource Wealth Advisors LLC now owns 9,630 shares of the semiconductor manufacturer’s stock valued at $989,000 after buying an additional 1,481 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMD. CICC Research raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 target price on the stock in a research note on Friday, November 7th. HSBC upped their price target on Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. Truist Financial reaffirmed a “buy” rating and set a $279.00 target price (up from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday, November 5th. Finally, Citigroup increased their target price on Advanced Micro Devices from $215.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $278.54.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $210.78 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The firm has a market capitalization of $343.16 billion, a PE ratio of 104.35, a P/E/G ratio of 1.56 and a beta of 1.93. The business’s 50 day moving average price is $231.11 and its 200-day moving average price is $179.57.

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

Insider Buying and Selling 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 shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 183,476 shares of company stock valued at $40,249,093. Corporate insiders own 0.06% of the company’s stock.

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.