Nwam LLC Takes $6.53 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nwam LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,806 shares of the semiconductor manufacturer's stock, valued at approximately $6,531,000.

Several other large investors also recently added to or reduced their stakes in AMD. EntryPoint Capital LLC raised its position in Advanced Micro Devices by 81.9% during the first quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer's stock valued at $62,000 after purchasing an additional 154 shares in the last quarter. Linscomb Wealth Inc. raised its position in Advanced Micro Devices by 8.6% during the first quarter. Linscomb Wealth Inc. now owns 13,115 shares of the semiconductor manufacturer's stock valued at $2,367,000 after purchasing an additional 1,042 shares in the last quarter. 1832 Asset Management L.P. raised its position in Advanced Micro Devices by 70.6% during the first quarter. 1832 Asset Management L.P. now owns 137,102 shares of the semiconductor manufacturer's stock valued at $24,746,000 after purchasing an additional 56,736 shares in the last quarter. LRI Investments LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at about $338,000. Finally, Steel Grove Capital Advisors LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at about $273,000. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling 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 shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm'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 transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Trading Up 0.6 %

Advanced Micro Devices stock traded up $0.86 during midday trading on Friday, reaching $138.35. The stock had a trading volume of 21,743,273 shares, compared to its average volume of 55,010,801. 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, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The firm has a market cap of $224.52 billion, a price-to-earnings ratio of 123.74, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71. The company has a fifty day moving average of $153.95 and a 200 day moving average of $154.70.

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, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company posted $0.53 earnings per share. The company's quarterly revenue was up 17.6% compared to the same quarter last year. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Morgan Stanley decreased their price objective on Advanced Micro Devices from $178.00 to $169.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Susquehanna reiterated a "positive" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Benchmark reissued a "buy" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus price target 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.