Cumberland Partners Ltd Purchases Shares of 7,150 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cumberland Partners Ltd purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 7,150 shares of the semiconductor manufacturer's stock, valued at approximately $1,173,000.

Other hedge funds also recently bought and sold shares of the company. Creative Capital Management Investments LLC raised its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its position in shares of Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock worth $26,000 after acquiring an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC raised its position in shares of Advanced Micro Devices by 94.4% during the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock worth $27,000 after acquiring an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $27,000. Finally, Semmax Financial Advisors Inc. raised its position in shares of Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AMD shares. Morgan Stanley cut their target price on Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th. Wedbush restated an "outperform" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. UBS Group dropped their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Barclays dropped their price target on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Finally, Edward Jones assumed coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They set a "buy" rating on the stock. One 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $192.79.

Advanced Micro Devices Price Performance

AMD stock traded down $4.33 during midday trading on Wednesday, hitting $139.30. 35,033,673 shares of the stock were exchanged, compared to its average volume of 55,770,762. The stock's 50-day moving average price is $154.55 and its 200-day moving average price is $155.43. The stock has a market cap of $226.06 billion, a price-to-earnings ratio of 126.79, a PEG ratio of 1.99 and a beta of 1.71. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30. 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 (NASDAQ:AMD - Get Free Report) last issued 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. The firm had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices's revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Research analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction 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 completion of the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction 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 directly 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 disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

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.