KFA Private Wealth Group LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the second quarter, Holdings Channel reports. The firm purchased 1,898 shares of the semiconductor manufacturer’s stock, valued at approximately $269,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC raised its position in 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 purchasing an additional 234 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Advanced Micro Devices by 18.7% during the first quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer’s stock valued at $2,009,000 after acquiring an additional 3,084 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Advanced Micro Devices by 17.0% during the first quarter. Capital Advisors Ltd. LLC now owns 1,757 shares of the semiconductor manufacturer’s stock valued at $181,000 after acquiring an additional 255 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in shares of Advanced Micro Devices by 39.4% during the first quarter. Simon Quick Advisors LLC now owns 8,201 shares of the semiconductor manufacturer’s stock valued at $843,000 after acquiring an additional 2,316 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.
Advanced Micro Devices Stock Down 7.8%
NASDAQ:AMD opened at $214.76 on Friday. The firm has a market cap of $348.51 billion, a P/E ratio of 123.42, a P/E/G ratio of 2.74 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $240.10. The firm has a 50-day simple moving average of $170.33 and a two-hundred day simple moving average of $137.22.
Insiders Place Their Bets
In related news, EVP Mark D. Papermaster sold 17,998 shares of Advanced Micro Devices stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at approximately $265,676,461.30. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,316 shares of company stock worth $45,203,045. 0.06% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on AMD shares. UBS Group increased their price target on shares of Advanced Micro Devices from $210.00 to $265.00 and gave the stock a “buy” rating in a research note on Tuesday. Sanford C. Bernstein increased their price objective on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a “market perform” rating in a report on Monday, July 21st. Benchmark increased their price objective on Advanced Micro Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Piper Sandler reiterated an “overweight” rating and issued a $240.00 price target on shares of Advanced Micro Devices in a research note on Tuesday. Finally, Stifel Nicolaus set a $240.00 price target on shares of Advanced Micro Devices in a research note on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $218.25.
Read Our Latest 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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