Ethos Financial Group LLC Has $760,000 Stock Position in Advanced Micro Devices, Inc. $AMD

Ethos Financial Group LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 161.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,356 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,311 shares during the quarter. Ethos Financial Group LLC’s holdings in Advanced Micro Devices were worth $760,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AMD. Cornerstone Advisory LLC boosted its stake in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock worth $606,000 after buying an additional 57 shares during the last quarter. Tritonpoint Wealth LLC boosted its position in Advanced Micro Devices by 2.6% in the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after purchasing an additional 72 shares during the last quarter. Avion Wealth grew its stake in Advanced Micro Devices by 49.3% in 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. Scott & Selber Inc. increased its position in shares of Advanced Micro Devices by 0.7% during the 2nd quarter. Scott & Selber Inc. now owns 10,465 shares of the semiconductor manufacturer’s stock valued at $1,485,000 after purchasing an additional 73 shares during the last quarter. Finally, Sandy Cove Advisors LLC raised its stake in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Sandy Cove Advisors LLC now owns 5,470 shares of the semiconductor manufacturer’s stock worth $776,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several research reports. KGI Securities set a $260.00 price target on shares of Advanced Micro Devices and gave the company an “outperform” rating in a research report on Monday, October 13th. TD Cowen raised their price target on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday. Wolfe Research set a $300.00 price target on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Robert W. Baird set a $300.00 target price on Advanced Micro Devices in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $263.21.

Insider Activity

In related news, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the transaction, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 274,118 shares of company stock valued at $46,180,719. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 7.3%

NASDAQ:AMD opened at $237.70 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The stock’s fifty day moving average price is $197.92 and its two-hundred day moving average price is $157.32. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The company has a market cap of $385.75 billion, a P/E ratio of 136.61, a P/E/G ratio of 2.42 and a beta of 1.93.

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

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.