Main Street Research LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 70.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 219,885 shares of the semiconductor manufacturer’s stock after acquiring an additional 90,937 shares during the quarter. Advanced Micro Devices makes up about 2.3% of Main Street Research LLC’s portfolio, making the stock its 14th biggest holding. Main Street Research LLC’s holdings in Advanced Micro Devices were worth $22,609,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Choreo LLC grew its holdings in shares of Advanced Micro Devices by 1.4% during the second quarter. Choreo LLC now owns 6,246 shares of the semiconductor manufacturer’s stock worth $711,000 after buying an additional 86 shares in the last quarter. Warren Street Wealth Advisors LLC boosted its position in shares of Advanced Micro Devices by 4.0% during the 2nd quarter. Warren Street Wealth Advisors LLC now owns 2,264 shares of the semiconductor manufacturer’s stock valued at $258,000 after acquiring an additional 88 shares during the last quarter. Castleview Partners LLC boosted its position in shares of Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Trust Co. of Vermont boosted its position in shares of Advanced Micro Devices by 4.0% during the 2nd quarter. Trust Co. of Vermont now owns 2,451 shares of the semiconductor manufacturer’s stock valued at $279,000 after acquiring an additional 94 shares during the last quarter. Finally, CVA Family Office LLC boosted its position in shares of Advanced Micro Devices by 3.9% during the 3rd quarter. CVA Family Office LLC now owns 2,582 shares of the semiconductor manufacturer’s stock valued at $265,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.
Insider Transactions at Advanced Micro Devices
In related news, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $117.73, for a total transaction of $8,829,750.00. Following the completion of the sale, the chief executive officer now directly owns 3,347,640 shares of the company’s stock, valued at $394,117,657.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $117.73, for a total transaction of $8,829,750.00. Following the completion of the sale, the chief executive officer now directly owns 3,347,640 shares of the company’s stock, valued at $394,117,657.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Darla M. Smith sold 4,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $125.69, for a total value of $502,760.00. Following the sale, the chief accounting officer now directly owns 5,604 shares of the company’s stock, valued at $704,366.76. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.
Advanced Micro Devices Stock Up 0.1 %
Advanced Micro Devices stock traded up $0.24 during mid-day trading on Tuesday, hitting $168.42. The company had a trading volume of 76,497,679 shares, compared to its average volume of 83,409,938. The stock has a market cap of $269.47 billion, a price-to-earnings ratio of 1,401.62, a PEG ratio of 4.67 and a beta of 1.70. Advanced Micro Devices, Inc. has a 1 year low of $72.03 and a 1 year high of $174.72. The company has a quick ratio of 1.61, a current ratio of 2.19 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $136.40 and a 200 day moving average of $117.59.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last announced its earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.70 billion. Advanced Micro Devices had a net margin of 0.94% and a return on equity of 5.61%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 1.92 earnings per share for the current fiscal year.
Analyst Ratings Changes
AMD has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on shares of Advanced Micro Devices from $128.00 to $98.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Bank of America raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Friday, December 15th. Finally, Roth Mkm began coverage on shares of Advanced Micro Devices in a research report on Tuesday, November 14th. They issued a “buy” rating and a $125.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.33.
Check Out Our Latest Stock Analysis on Advanced Micro Devices
About Advanced Micro Devices
(Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Advanced Micro Devices, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Advanced Micro Devices wasn’t on the list.
While Advanced Micro Devices currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.