Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Waverton Investment Management Ltd

Waverton Investment Management Ltd lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,465,108 shares of the semiconductor manufacturer's stock after buying an additional 74,598 shares during the quarter. Advanced Micro Devices makes up about 3.9% of Waverton Investment Management Ltd's investment portfolio, making the stock its 9th largest position. Waverton Investment Management Ltd owned about 0.09% of Advanced Micro Devices worth $240,424,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of AMD. Creative Capital Management Investments LLC raised its stake in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC increased its position in Advanced Micro Devices by 90.4% during the third 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 during the last quarter. Morton Brown Family Wealth LLC increased its position in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after acquiring an additional 85 shares during the last quarter. Fairway Wealth LLC bought a new position in Advanced Micro Devices during the second quarter valued at $27,000. Finally, Semmax Financial Advisors Inc. increased its position in Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock valued at $28,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm's 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Piper Sandler reiterated an "overweight" rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Edward Jones began coverage on shares of Advanced Micro Devices in a report on Tuesday, August 20th. They issued a "buy" rating on the stock. Roth Mkm restated a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Susquehanna restated a "positive" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Robert W. Baird cut their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an "outperform" rating on the stock in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.79.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $3.72 during midday trading on Tuesday, reaching $143.63. 33,506,166 shares of the stock were exchanged, compared to its average volume of 55,865,414. The firm has a market cap of $233.08 billion, a price-to-earnings ratio of 130.64, a PEG ratio of 2.05 and a beta of 1.71. Advanced Micro Devices, Inc. has a twelve month low of $116.00 and a twelve month high of $227.30. The firm has a 50-day simple moving average of $154.41 and a two-hundred day simple moving average of $155.52. 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 (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter last year, the company earned $0.53 EPS. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

About Advanced Micro Devices

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.