Shum Financial Group Inc. Buys Shares of 5,231 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Shum Financial Group Inc. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,231 shares of the semiconductor manufacturer's stock, valued at approximately $858,000.

Several other institutional investors also recently made changes to their positions in the stock. Cherrydale Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 4.7% during the second quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer's stock worth $212,000 after purchasing an additional 58 shares during the period. Christopher J. Hasenberg Inc grew its position in shares of Advanced Micro Devices by 12.0% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock valued at $97,000 after buying an additional 60 shares during the last quarter. Delta Financial Group Inc. raised its stake in Advanced Micro Devices by 5.0% during the second quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer's stock worth $215,000 after acquiring an additional 63 shares during the period. Trivant Custom Portfolio Group LLC lifted its holdings in Advanced Micro Devices by 0.3% in the second quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer's stock worth $3,995,000 after acquiring an additional 65 shares during the last quarter. Finally, Wealth Effects LLC boosted its stake in Advanced Micro Devices by 0.7% in the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after acquiring an additional 65 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $3.41 during trading on Tuesday, reaching $137.72. The company had a trading volume of 31,996,738 shares, compared to its average volume of 54,804,816. Advanced Micro Devices, Inc. has a one year low of $116.37 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a market capitalization of $223.49 billion, a PE ratio of 124.07, a PEG ratio of 1.91 and a beta of 1.71. The firm's 50 day simple moving average is $153.19 and its two-hundred day simple moving average is $154.41.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the company posted $0.53 earnings per share. The business's revenue for the quarter was up 17.6% compared to the same quarter last year. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Susquehanna reissued a "positive" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Wedbush restated an "outperform" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, BNP Paribas upgraded Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $192.79.

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.