Darwin Wealth Management LLC Acquires Shares of 8,655 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Darwin Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,655 shares of the semiconductor manufacturer's stock, valued at approximately $1,420,000.

Several other large investors have also added to or reduced their stakes in the company. Cherrydale Wealth Management LLC boosted its stake 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 raised its holdings in 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 acquiring an additional 60 shares during the last quarter. Delta Financial Group Inc. raised its holdings in 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 acquiring an additional 63 shares during the last quarter. Trivant Custom Portfolio Group LLC raised its holdings in 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 acquiring an additional 65 shares during the last quarter. Finally, Wealth Effects LLC raised its holdings in 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 acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup dropped their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Wedbush restated an "outperform" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Robert W. Baird dropped their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. Roth Mkm reaffirmed a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Finally, Bank of America reiterated a "buy" rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 3rd. 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 given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $192.79.

Advanced Micro Devices Trading Down 1.3 %

NASDAQ AMD traded down $1.79 during trading hours on Wednesday, hitting $137.60. The company's stock had a trading volume of 28,672,194 shares, compared to its average volume of 55,271,832. The stock has a fifty day moving average of $154.46 and a 200 day moving average of $154.95. Advanced Micro Devices, Inc. has a twelve month low of $116.37 and a twelve month high of $227.30. The firm has a market capitalization of $223.30 billion, a P/E ratio of 124.19, a PEG ratio of 1.87 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting 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 firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business's quarterly revenue was up 17.6% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices 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 sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices 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 in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

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.