RPG Investment Advisory LLC Purchases 3,599 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

RPG Investment Advisory LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,041 shares of the semiconductor manufacturer's stock after acquiring an additional 3,599 shares during the period. Advanced Micro Devices accounts for about 3.0% of RPG Investment Advisory LLC's investment portfolio, making the stock its 5th largest position. RPG Investment Advisory LLC's holdings in Advanced Micro Devices were worth $21,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 86 shares during the period. ZRC Wealth Management LLC raised its holdings in Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after buying an additional 75 shares during the period. Morton Brown Family Wealth LLC raised its holdings in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC purchased a new position in Advanced Micro Devices in the second quarter valued at approximately $27,000. Finally, Semmax Financial Advisors Inc. raised its holdings in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after buying an additional 139 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 NASDAQ:AMD traded down $2.97 during midday trading on Wednesday, hitting $140.66. The company had a trading volume of 21,922,204 shares, compared to its average volume of 55,706,512. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month 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 cap of $228.26 billion, a price-to-earnings ratio of 126.79, a PEG ratio of 1.99 and a beta of 1.71. The company has a fifty day moving average of $154.55 and a two-hundred day moving average of $155.43.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts' consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AMD shares. BNP Paribas upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Wednesday, July 31st. Roth Mkm reiterated a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Robert W. Baird dropped their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 31st. Cantor Fitzgerald reiterated an "overweight" rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Finally, Barclays decreased their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, 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.