Altman Advisors Inc. Acquires New Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Altman Advisors Inc. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,099 shares of the semiconductor manufacturer's stock, valued at approximately $1,493,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cherrydale Wealth Management LLC raised its position in shares of Advanced Micro Devices by 4.7% during the 2nd quarter. Cherrydale Wealth Management LLC now owns 1,305 shares of the semiconductor manufacturer's stock worth $212,000 after acquiring an additional 58 shares in the last quarter. Christopher J. Hasenberg Inc grew its stake in shares of Advanced Micro Devices by 12.0% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 560 shares of the semiconductor manufacturer's stock valued at $97,000 after purchasing an additional 60 shares during the last quarter. Delta Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 5.0% in the 2nd quarter. Delta Financial Group Inc. now owns 1,325 shares of the semiconductor manufacturer's stock valued at $215,000 after purchasing an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its stake in shares of Advanced Micro Devices by 0.3% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 24,629 shares of the semiconductor manufacturer's stock valued at $3,995,000 after purchasing an additional 65 shares during the last quarter. Finally, Wealth Effects LLC grew its stake in shares of Advanced Micro Devices by 0.7% in the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer's stock valued at $1,545,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Wedbush reissued an "outperform" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Bank of America reiterated a "buy" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Rosenblatt Securities restated a "buy" rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. Finally, Susquehanna restated a "positive" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $192.79.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was 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 $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was 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 directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $1.79 on Wednesday, hitting $137.60. The company had a trading volume of 28,672,194 shares, compared to its average volume of 55,271,832. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30. The stock has a market cap of $223.30 billion, a price-to-earnings ratio of 124.19, a P/E/G ratio of 1.87 and a beta of 1.71. The stock has a 50 day moving average price of $154.46 and a 200 day moving average price of $154.95. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. Advanced Micro Devices's quarterly revenue was up 17.6% on a year-over-year basis. Analysts expect that Advanced Micro Devices, Inc. will post 2.53 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.