Axim Planning & Wealth Acquires 285 Shares of Advanced Micro Devices, Inc. $AMD

Axim Planning & Wealth boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,161 shares of the semiconductor manufacturer’s stock after purchasing an additional 285 shares during the quarter. Advanced Micro Devices comprises approximately 0.4% of Axim Planning & Wealth’s holdings, making the stock its 18th largest position. Axim Planning & Wealth’s holdings in Advanced Micro Devices were worth $449,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted its stake in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 208 shares during the period. Avion Wealth boosted its stake in Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares during the period. West Branch Capital LLC raised its holdings in Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 214 shares in the last quarter. High Note Wealth LLC raised its holdings in Advanced Micro Devices by 285.5% in the 2nd quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock valued at $38,000 after acquiring an additional 197 shares in the last quarter. Finally, Quaker Wealth Management LLC raised its holdings in Advanced Micro Devices by 136.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $39,000 after acquiring an additional 1,039 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on AMD. Rosenblatt Securities upped their price target on Advanced Micro Devices from $200.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, October 7th. Wedbush reissued an “outperform” rating on shares of Advanced Micro Devices in a report on Wednesday. Cantor Fitzgerald reissued an “overweight” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on Advanced Micro Devices and gave the stock a “hold” rating in a report on Tuesday, October 14th. Finally, KGI Securities set a $260.00 target price on Advanced Micro Devices and gave the stock an “outperform” rating in a report on Monday, October 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $252.62.

Advanced Micro Devices Trading Down 3.7%

AMD stock opened at $250.05 on Wednesday. The business has a fifty day moving average price of $194.76 and a 200 day moving average price of $156.06. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The stock has a market capitalization of $405.79 billion, a price-to-earnings ratio of 143.71, a P/E/G ratio of 2.42 and a beta of 1.90. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). Advanced Micro Devices had a net margin of 9.57% and a return on equity of 7.54%. The business had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period in the prior year, the business earned $0.69 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 2,250 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total transaction of $371,272.50. Following the completion of the sale, the executive vice president directly owned 311,598 shares of the company’s stock, valued at $51,416,785.98. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the completion of the transaction, the executive vice president owned 1,714,505 shares in the company, valued at $384,529,181.40. The trade was a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is currently owned by insiders.

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.