NewSquare Capital LLC Grows Holdings in Advanced Micro Devices, Inc. $AMD

NewSquare Capital LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 159.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,112 shares of the semiconductor manufacturer’s stock after acquiring an additional 683 shares during the period. NewSquare Capital LLC’s holdings in Advanced Micro Devices were worth $158,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Brighton Jones LLC raised its stake in shares of Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after acquiring an additional 234 shares during the period. Capital Advisors Inc. OK increased its stake in Advanced Micro Devices by 36.2% during the 1st quarter. Capital Advisors Inc. OK now owns 7,418 shares of the semiconductor manufacturer’s stock worth $762,000 after buying an additional 1,972 shares during the period. Callan Capital LLC increased its stake in Advanced Micro Devices by 27.6% during the 1st quarter. Callan Capital LLC now owns 3,775 shares of the semiconductor manufacturer’s stock worth $388,000 after buying an additional 816 shares during the period. Finally, Pekin Hardy Strauss Inc. increased its stake in Advanced Micro Devices by 15.8% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 7,430 shares of the semiconductor manufacturer’s stock worth $763,000 after buying an additional 1,015 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 3.7%

Shares of NASDAQ:AMD opened at $250.05 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The company’s 50 day moving average is $194.76 and its two-hundred day moving average is $156.06. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $405.79 billion, a PE ratio of 143.71, a P/E/G ratio of 2.42 and a beta of 1.90.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 EPS 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 firm had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the prior year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. Truist Financial reaffirmed a “buy” rating and set a $273.00 target price (up from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. HSBC boosted their target price on Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft set a $235.00 target price on Advanced Micro Devices and gave the stock a “hold” rating in a research note on Tuesday, October 14th. Three investment 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 company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $249.82.

Insider Buying and Selling

In related news, 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 transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at $384,529,181.40. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction 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 trade represents a 7.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 274,118 shares of company stock worth $46,180,719. Corporate insiders own 0.06% of the company’s stock.

About Advanced Micro Devices

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.