Allworth Financial LP boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,277 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,256 shares during the period. Allworth Financial LP’s holdings in Advanced Micro Devices were worth $1,572,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. SouthState Corp lifted its holdings in shares of Advanced Micro Devices by 234.5% in the 3rd quarter. SouthState Corp now owns 388 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 272 shares during the last quarter. TD Capital Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth approximately $27,000. Mine & Arao Wealth Creation & Management LLC. grew its position in shares of Advanced Micro Devices by 1,915.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 383 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 364 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its position in shares of Advanced Micro Devices by 189.9% in the 3rd quarter. IAG Wealth Partners LLC now owns 458 shares of the semiconductor manufacturer’s stock worth $29,000 after buying an additional 300 shares during the last quarter. 67.17% of the stock is owned by hedge funds and other institutional investors.
Advanced Micro Devices Stock Up 2.8 %
Shares of AMD opened at $100.28 on Friday. The stock has a market capitalization of $161.59 billion, a PE ratio of 113.95, a P/E/G ratio of 5.88 and a beta of 1.95. Advanced Micro Devices, Inc. has a 1 year low of $54.57 and a 1 year high of $125.67. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.77 and a current ratio of 2.36. The company’s 50-day simple moving average is $81.68 and its 200-day simple moving average is $72.71.
Insider Buying and Selling
In related news, EVP Devinder Kumar sold 16,265 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $94.85, for a total transaction of $1,542,735.25. Following the sale, the executive vice president now directly owns 555,750 shares in the company, valued at $52,712,887.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Mark D. Papermaster sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $85.19, for a total transaction of $2,555,700.00. Following the transaction, the executive vice president now directly owns 1,516,945 shares in the company, valued at $129,228,544.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Devinder Kumar sold 16,265 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $94.85, for a total transaction of $1,542,735.25. Following the transaction, the executive vice president now owns 555,750 shares in the company, valued at $52,712,887.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,265 shares of company stock worth $6,806,775. Company insiders own 1.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently commented on AMD. Citigroup lifted their target price on shares of Advanced Micro Devices from $65.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. StockNews.com began coverage on shares of Advanced Micro Devices in a research note on Thursday, March 16th. They issued a “sell” rating for the company. Mizuho lowered their target price on shares of Advanced Micro Devices from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, February 1st. Benchmark lifted their price objective on shares of Advanced Micro Devices from $93.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 14th. Finally, Sanford C. Bernstein cut shares of Advanced Micro Devices from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $95.00 to $80.00 in a research note on Tuesday, January 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $94.10.
Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
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