Proactive Wealth Strategies LLC Invests $883,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Proactive Wealth Strategies LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,382 shares of the semiconductor manufacturer's stock, valued at approximately $883,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Advanced Micro Devices by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock worth $26,133,989,000 after buying an additional 2,349,288 shares during the last quarter. Legal & General Group Plc boosted its stake in Advanced Micro Devices by 1.4% in 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 buying an additional 188,580 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Advanced Micro Devices by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer's stock worth $1,471,128,000 after purchasing an additional 975,220 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Advanced Micro Devices by 42.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after purchasing an additional 2,497,056 shares during the period. Finally, GQG Partners LLC raised its holdings in shares of Advanced Micro Devices by 5.0% in the 1st quarter. GQG Partners LLC now owns 8,044,462 shares of the semiconductor manufacturer's stock worth $1,451,945,000 after purchasing an additional 382,582 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Cantor Fitzgerald restated an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Roth Mkm restated a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. Wedbush restated an "outperform" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, July 31st. UBS Group cut their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, Evercore ISI raised their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.79.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction 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 approximately $513,150,048.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was 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 $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $5,743,301.80. Following the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company's stock.

Advanced Micro Devices Trading Down 2.5 %

AMD traded down $3.72 during mid-day trading on Tuesday, reaching $143.63. The stock had a trading volume of 33,471,094 shares, compared to its average volume of 55,865,414. The stock has a market capitalization of $233.08 billion, a P/E ratio of 130.64, a P/E/G ratio of 2.05 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm's fifty day simple moving average is $154.41 and its two-hundred day simple moving average is $155.52. Advanced Micro Devices, Inc. has a 52 week low of $116.00 and a 52 week high of $227.30.

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