Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Increased by Liberty One Investment Management LLC

Posted by Defense World Staff on Sep 11th, 2023

Liberty One Investment Management LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,247 shares of the semiconductor manufacturer’s stock after buying an additional 108 shares during the quarter. Liberty One Investment Management LLC’s holdings in Advanced Micro Devices were worth $220,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. lifted its position in shares of Advanced Micro Devices by 19.1% in the first quarter. Itau Unibanco Holding S.A. now owns 103,735 shares of the semiconductor manufacturer’s stock worth $10,167,000 after purchasing an additional 16,622 shares in the last quarter. Shikiar Asset Management Inc. purchased a new stake in shares of Advanced Micro Devices in the first quarter worth approximately $10,199,000. Vicus Capital acquired a new position in Advanced Micro Devices in the first quarter worth approximately $243,000. SouthState Corp increased its holdings in Advanced Micro Devices by 128.1% in the fourth quarter. SouthState Corp now owns 885 shares of the semiconductor manufacturer’s stock worth $57,000 after buying an additional 497 shares during the last quarter. Finally, WD Rutherford LLC increased its holdings in Advanced Micro Devices by 3.7% in the first quarter. WD Rutherford LLC now owns 40,698 shares of the semiconductor manufacturer’s stock worth $3,989,000 after buying an additional 1,465 shares during the last quarter. 68.43% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Down 0.5 %

Shares of AMD stock opened at $106.09 on Monday. The stock has a market cap of $171.41 billion, a P/E ratio of -5,301.85, a price-to-earnings-growth ratio of 5.91 and a beta of 1.80. The stock has a fifty day moving average price of $110.88 and a 200 day moving average price of $103.72. Advanced Micro Devices, Inc. has a one year low of $54.57 and a one year high of $132.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.58.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Advanced Micro Devices had a positive return on equity of 5.69% and a negative net margin of 0.11%. The business’s revenue was down 18.2% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 2.01 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,192,774 shares of the company’s stock, valued at $356,281,650.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $111.59, for a total value of $8,369,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,192,774 shares of the company’s stock, valued at $356,281,650.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul Darren Grasby sold 14,942 shares of Advanced Micro Devices stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the transaction, the executive vice president now directly owns 103,663 shares of the company’s stock, valued at $11,010,047.23. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,643 shares of company stock valued at $13,490,584. 0.73% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. Benchmark increased their price objective on Advanced Micro Devices from $108.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Argus increased their price objective on Advanced Micro Devices from $100.00 to $170.00 in a report on Thursday, June 15th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Advanced Micro Devices from $80.00 to $110.00 in a report on Wednesday, June 14th. Finally, Bank of America increased their price objective on Advanced Micro Devices from $130.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.19.

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About Advanced Micro Devices

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.