Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Raised by GDS Wealth Management

GDS Wealth Management increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,883 shares of the semiconductor manufacturer's stock after buying an additional 7,966 shares during the quarter. GDS Wealth Management's holdings in Advanced Micro Devices were worth $13,271,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Vanguard Group Inc. boosted its holdings in Advanced Micro Devices by 1.6% in the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock valued at $26,133,989,000 after acquiring an additional 2,349,288 shares during the last quarter. Legal & General Group Plc increased its position in Advanced Micro Devices by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer's stock worth $2,159,039,000 after purchasing an additional 188,580 shares in the last quarter. Van ECK Associates Corp raised its holdings in Advanced Micro Devices by 11.3% in the third quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer's stock valued at $1,471,128,000 after buying an additional 975,220 shares during the period. Assenagon Asset Management S.A. lifted its position in Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock valued at $1,381,679,000 after buying an additional 2,497,056 shares in the last quarter. Finally, GQG Partners LLC grew its stake in Advanced Micro Devices by 5.0% during the first quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer's stock worth $1,451,945,000 after buying an additional 382,582 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BNP Paribas upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. Wedbush reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. UBS Group reduced their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Finally, Bank of America reaffirmed a "buy" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $192.79.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $1.74 during trading on Monday, reaching $146.21. 21,655,117 shares of the company's stock traded hands, compared to its average volume of 55,930,469. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company has a 50 day moving average of $154.44 and a 200-day moving average of $155.57. Advanced Micro Devices, Inc. has a 12 month low of $116.00 and a 12 month high of $227.30. The stock has a market capitalization of $237.27 billion, a P/E ratio of 133.12, a price-to-earnings-growth ratio of 2.01 and a beta of 1.71.

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

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. 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 currently owned by company insiders.

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.