CHICAGO TRUST Co NA acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,142 shares of the semiconductor manufacturer’s stock, valued at approximately $446,000.
Several other large investors also recently modified their holdings of the stock. Parisi Gray Wealth Management acquired a new position in Advanced Micro Devices in the 2nd quarter valued at about $343,000. Davis Investment Partners LLC bought a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $736,000. Sivia Capital Partners LLC increased its stake in shares of Advanced Micro Devices by 125.1% during the second quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after purchasing an additional 2,970 shares during the period. Fragasso Financial Advisors Inc lifted its holdings in Advanced Micro Devices by 151.3% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 5,628 shares of the semiconductor manufacturer’s stock worth $799,000 after purchasing an additional 3,388 shares during the last quarter. Finally, Modern Wealth Management LLC bought a new stake in Advanced Micro Devices in the 1st quarter valued at $644,000. 71.34% of the stock is owned by institutional investors.
Advanced Micro Devices Price Performance
Shares of NASDAQ AMD opened at $160.90 on Wednesday. The company has a market capitalization of $261.11 billion, a PE ratio of 92.47, a P/E/G ratio of 1.88 and a beta of 1.92. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $165.40 and a 200 day simple moving average of $130.18. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $186.65.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on AMD shares. Benchmark increased their price objective on Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Erste Group Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Sanford C. Bernstein increased their target price on shares of Advanced Micro Devices from $95.00 to $140.00 and gave the stock a “market perform” rating in a research report on Monday, July 21st. Bank of America lifted their price target on shares of Advanced Micro Devices from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and boosted their price target for the company from $110.00 to $175.00 in a research note on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $180.88.
Check Out Our Latest Stock Analysis on Advanced Micro Devices
Insider Transactions at Advanced Micro Devices
In related news, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction dated 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 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 legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 17,998 shares of the firm’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold 270,198 shares of company stock valued at $44,183,576 over the last ninety days. Company insiders own 0.06% of the company’s stock.
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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