Good Life Advisors LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 12.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,616 shares of the semiconductor manufacturer’s stock after purchasing an additional 871 shares during the quarter. Good Life Advisors LLC’s holdings in Advanced Micro Devices were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dogwood Wealth Management LLC increased its position in shares of Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 208 shares in the last quarter. Avion Wealth increased its holdings in shares of Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares in the last quarter. West Branch Capital LLC raised its stake in shares of Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 214 shares during the last quarter. High Note Wealth LLC lifted its holdings in shares of Advanced Micro Devices by 285.5% during the second quarter. High Note Wealth LLC now owns 266 shares of the semiconductor manufacturer’s stock valued at $38,000 after purchasing an additional 197 shares in the last quarter. Finally, S&T Bank PA boosted its position in shares of Advanced Micro Devices by 99.3% during the second quarter. S&T Bank PA now owns 275 shares of the semiconductor manufacturer’s stock valued at $39,000 after buying an additional 137 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.
Advanced Micro Devices Price Performance
NASDAQ AMD opened at $247.96 on Friday. The business’s fifty day moving average is $206.13 and its 200 day moving average is $162.66. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The company has a market capitalization of $403.69 billion, a PE ratio of 142.51, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93.
Insider Activity
In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president owned 311,598 shares of the company’s stock, valued at $51,416,785.98. This represents a 0.72% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 264,118 shares of company stock valued at $44,448,619. 0.06% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Melius Research set a $380.00 target price on shares of Advanced Micro Devices in a report on Wednesday. TD Cowen boosted their target price on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Roth Capital reissued a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $260.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $273.49.
Check Out Our Latest Report on Advanced Micro Devices
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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