CreativeOne Wealth LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,664 shares of the semiconductor manufacturer's stock after buying an additional 4,210 shares during the quarter. CreativeOne Wealth LLC's holdings in Advanced Micro Devices were worth $3,226,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of AMD. Charles Schwab Investment Management Inc. raised its holdings in Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Swiss National Bank grew its stake in shares of Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after purchasing an additional 12,500 shares in the last quarter. Shum Financial Group Inc. acquired a new stake in Advanced Micro Devices in the third quarter valued at $858,000. Harvest Portfolios Group Inc. boosted its position in shares of Advanced Micro Devices by 4.4% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer's stock worth $24,029,000 after acquiring an additional 6,168 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock worth $416,430,000 after acquiring an additional 588,595 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Advanced Micro Devices Trading Down 1.1 %
Advanced Micro Devices stock traded down $1.48 during trading on Thursday, hitting $136.24. The company's stock had a trading volume of 30,097,938 shares, compared to its average volume of 54,698,379. The stock's fifty day moving average is $152.94 and its 200 day moving average is $154.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. 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 capitalization of $221.09 billion, a price-to-earnings ratio of 122.74, a P/E/G ratio of 1.95 and a beta of 1.71.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results 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 net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same period last year, the company earned $0.53 earnings per share. The company's quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.
Insider Transactions at Advanced Micro Devices
In other news, CEO Lisa T. Su sold 80,000 shares of the 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 owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.65% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on AMD. Evercore ISI raised their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. Citigroup lowered their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Edward Jones initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a "buy" rating for the company. Finally, TD Cowen dropped their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. One investment 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $192.79.
Check Out Our Latest Stock Report on Advanced Micro Devices
About Advanced Micro Devices
(
Free Report)
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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