GoalVest Advisory LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 4,200.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 430 shares of the semiconductor manufacturer’s stock after buying an additional 420 shares during the period. GoalVest Advisory LLC’s holdings in Advanced Micro Devices were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in AMD. Kingstone Capital Partners Texas LLC bought a new position in Advanced Micro Devices in the second quarter valued at approximately $958,422,000. Goldman Sachs Group Inc. increased its stake in Advanced Micro Devices by 169.7% in the first quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock valued at $1,012,538,000 after acquiring an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Advanced Micro Devices by 131.5% in the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after acquiring an additional 5,915,185 shares during the last quarter. Nuveen LLC bought a new position in Advanced Micro Devices in the first quarter valued at approximately $436,746,000. Finally, Parnassus Investments LLC increased its stake in Advanced Micro Devices by 47,883.5% in the first quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after acquiring an additional 4,133,785 shares during the last quarter. 71.34% of the stock is owned by institutional investors.
Advanced Micro Devices Price Performance
AMD stock opened at $259.67 on Tuesday. The firm has a market cap of $421.40 billion, a price-to-earnings ratio of 149.24, a PEG ratio of 2.31 and a beta of 1.90. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $260.42. The company’s fifty day simple moving average is $183.76 and its 200 day simple moving average is $148.62.
Wall Street Analyst Weigh In
AMD has been the topic of a number of research reports. KGI Securities set a $260.00 target price on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Monday, October 13th. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Bank of America boosted their target price on shares of Advanced Micro Devices from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Piper Sandler reaffirmed an “overweight” rating and set a $240.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Finally, Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $168.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $233.94.
Check Out Our Latest Research Report on Advanced Micro Devices
Insider Activity at Advanced Micro Devices
In other news, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares of the company’s stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,118 shares of company stock valued at $46,180,719 over the last quarter. 0.06% of the stock is currently owned by company insiders.
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.
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