Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by CVA Family Office LLC

CVA Family Office LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 196.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,329 shares of the semiconductor manufacturer's stock after buying an additional 5,515 shares during the period. CVA Family Office LLC's holdings in Advanced Micro Devices were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Tradewinds Capital Management LLC increased its position in Advanced Micro Devices by 102.9% in the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer's stock worth $25,000 after buying an additional 71 shares during the last quarter. Semmax Financial Advisors Inc. boosted its position in shares of Advanced Micro Devices by 926.7% in the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 139 shares in the last quarter. ZRC Wealth Management LLC lifted its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Fairway Wealth LLC bought a new stake in Advanced Micro Devices in the 2nd quarter worth approximately $27,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of Advanced Micro Devices by 70.7% during the 1st quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer's stock worth $31,000 after acquiring an additional 70 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on AMD shares. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Citigroup increased their price target on Advanced Micro Devices from $176.00 to $210.00 and gave the stock a "buy" rating in a report on Monday, July 15th. Bank of America reiterated a "buy" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. TD Cowen upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Monday, September 16th. Finally, Morgan Stanley raised their price objective on shares of Advanced Micro Devices from $176.00 to $178.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $195.00.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of Advanced Micro Devices stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares of the company's stock, valued at $285,278,881.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

AMD traded up $3.71 during midday trading on Friday, reaching $167.89. 42,136,175 shares of the company's stock were exchanged, compared to its average volume of 58,067,195. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The firm has a market capitalization of $271.36 billion, a price-to-earnings ratio of 246.90, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $151.34 and a two-hundred day simple moving average of $157.58.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.01. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

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.