Nicholas Wealth LLC. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,566 shares of the semiconductor manufacturer’s stock, valued at approximately $1,499,000.
Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in Advanced Micro Devices in the second quarter valued at about $958,422,000. Goldman Sachs Group Inc. raised its stake in shares of Advanced Micro Devices by 169.7% in the 1st 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 period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 131.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after acquiring an additional 5,915,185 shares during the last quarter. Nuveen LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter worth approximately $436,746,000. Finally, Parnassus Investments LLC increased its holdings in Advanced Micro Devices by 47,883.5% in the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after purchasing an additional 4,133,785 shares during the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Advanced Micro Devices Stock Down 4.3%
AMD stock opened at $230.29 on Wednesday. The company’s 50 day moving average price is $211.32 and its 200 day moving average price is $166.59. The firm has a market capitalization of $374.92 billion, a price-to-earnings ratio of 132.35, a PEG ratio of 2.42 and a beta of 1.92. 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.
Insiders Place Their Bets
In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares in the company, valued at $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,800 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was 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 approximately $384,529,181.40. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 264,118 shares of company stock worth $44,448,619. 0.06% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts have commented on AMD shares. HSBC upped their price target 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. The Goldman Sachs Group increased their target price on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Jefferies Financial Group set a $300.00 target price on Advanced Micro Devices and gave the company a “positive” rating in a research report on Monday, October 6th. Stifel Nicolaus increased their price target on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, Seaport Res Ptn lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $273.49.
Read Our Latest Analysis on AMD
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.
Featured Stories
- Five stocks we like better than Advanced Micro Devices
- ESG Stocks, What Investors Should Know
- Medtronic Stock Finds Its Footing—Now It’s Gaining Momentum
- Conference Calls and Individual Investors
- What’s on the Thanksgiving Table? A Stock Pick for Every Course
- What is Forex and How Does it Work?
- Why Home Depot’s Pain Could Be a Long-Term Investor’s Gain
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
