Opus Capital Group LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,589 shares of the semiconductor manufacturer’s stock, valued at approximately $225,000.
Several other hedge funds and other institutional investors also recently modified their holdings of AMD. Brighton Jones LLC boosted its stake in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Advanced Micro Devices by 2.9% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after buying an additional 234 shares in the last quarter. GAMMA Investing LLC boosted its stake in Advanced Micro Devices by 18.7% in the first quarter. GAMMA Investing LLC now owns 19,554 shares of the semiconductor manufacturer’s stock worth $2,009,000 after buying an additional 3,084 shares in the last quarter. Moran Wealth Management LLC boosted its stake in Advanced Micro Devices by 2.3% in the first quarter. Moran Wealth Management LLC now owns 13,717 shares of the semiconductor manufacturer’s stock worth $1,409,000 after buying an additional 304 shares in the last quarter. Finally, Strategic Investment Advisors MI boosted its stake in Advanced Micro Devices by 8.3% in the first quarter. Strategic Investment Advisors MI now owns 1,960 shares of the semiconductor manufacturer’s stock worth $201,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Price Performance
Shares of Advanced Micro Devices stock opened at $234.99 on Friday. 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 company has a market cap of $381.35 billion, a PE ratio of 135.05, a P/E/G ratio of 2.10 and a beta of 1.90. The business has a 50 day moving average of $180.58 and a 200 day moving average of $145.45. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $242.88.
Analyst Ratings Changes
Several analysts have issued reports on the company. Citigroup upped their target price on Advanced Micro Devices from $180.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Sanford C. Bernstein upped their target price on Advanced Micro Devices from $95.00 to $140.00 and gave the stock a “market perform” rating in a research note on Monday, July 21st. Wedbush boosted their price objective on Advanced Micro Devices from $190.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. KGI Securities set a $260.00 price objective on Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, October 13th. Finally, Susquehanna boosted their price objective on Advanced Micro Devices from $135.00 to $210.00 and gave the company a “positive” rating in a research report on Wednesday, July 30th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $233.94.
Check Out Our Latest Research Report on AMD
Insider Activity at Advanced Micro Devices
In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was 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 owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,118 shares of company stock valued at $46,180,719 over the last 90 days. Company 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.
See Also
- Five stocks we like better than Advanced Micro Devices
- What is the Australian Securities Exchange (ASX)
- Datavault AI’s Swiss Exchange Is Reshaping Its Future
- CD Calculator: Certificate of Deposit Calculator
- UnitedHealth’s Moment of Truth: 3 Bullish Signals to Watch For
- Buy P&G Now, Before It Sets A New All-Time High
- Warner Bros. Bidding War Potential: How High Could WBD Shares Go?
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
