Entropy Technologies LP Buys New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Entropy Technologies LP acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,819 shares of the semiconductor manufacturer's stock, valued at approximately $1,775,000.

A number of other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Advanced Micro Devices in the first quarter valued at $331,000. Koshinski Asset Management Inc. increased its stake in Advanced Micro Devices by 30.9% during the first quarter. Koshinski Asset Management Inc. now owns 5,562 shares of the semiconductor manufacturer's stock worth $1,004,000 after purchasing an additional 1,313 shares during the period. Dearborn Partners LLC lifted its position in shares of Advanced Micro Devices by 15.4% during the first quarter. Dearborn Partners LLC now owns 2,861 shares of the semiconductor manufacturer's stock worth $516,000 after purchasing an additional 382 shares in the last quarter. Texas Yale Capital Corp. boosted its stake in shares of Advanced Micro Devices by 15.0% in the first quarter. Texas Yale Capital Corp. now owns 1,667 shares of the semiconductor manufacturer's stock valued at $301,000 after purchasing an additional 217 shares during the period. Finally, Charles Schwab Investment Advisory Inc. acquired a new position in shares of Advanced Micro Devices in the first quarter valued at approximately $235,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded down $3.15 during trading on Wednesday, hitting $140.48. 22,353,094 shares of the stock were exchanged, compared to its average volume of 55,713,492. The company has a market cap of $227.97 billion, a PE ratio of 126.79, a P/E/G ratio of 1.99 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $154.55 and a two-hundred day moving average price of $155.43. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices 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 sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company'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 in the company, valued at $41,558,469.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent research reports. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. Susquehanna reissued a "positive" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. StockNews.com lowered Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. Truist Financial cut their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. Finally, Benchmark reiterated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.79.

Advanced Micro Devices Company 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.