Strengthening Families & Communities LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 221.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,606 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,795 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Advanced Micro Devices were worth $370,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Wise Wealth Partners acquired a new position in Advanced Micro Devices in the second quarter valued at approximately $343,000. Parisi Gray Wealth Management acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $343,000. Davis Investment Partners LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $736,000. REAP Financial Group LLC boosted its position in Advanced Micro Devices by 16.9% during the 2nd quarter. REAP Financial Group LLC now owns 1,197 shares of the semiconductor manufacturer’s stock valued at $170,000 after purchasing an additional 173 shares during the period. Finally, Sivia Capital Partners LLC grew its stake in Advanced Micro Devices by 125.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after buying an additional 2,970 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Performance
AMD opened at $214.76 on Friday. The business has a 50 day moving average price of $170.33 and a two-hundred day moving average price of $137.22. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The company has a market capitalization of $348.51 billion, a price-to-earnings ratio of 123.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.90. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $240.10.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on AMD shares. Melius Research set a $300.00 price target on shares of Advanced Micro Devices in a report on Monday. Mizuho lifted their price objective on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the company an “outperform” rating in a research report on Thursday, August 14th. Citigroup upped their target price on shares of Advanced Micro Devices from $180.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday. Raymond James Financial raised their price target on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Finally, Roth Capital set a $250.00 price objective on Advanced Micro Devices and gave the stock a “buy” rating in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $218.25.
View Our Latest Stock Report on Advanced Micro Devices
Insider Activity at Advanced Micro Devices
In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 275,316 shares of company stock worth $45,203,045. 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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