Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Lifted by Cypress Capital LLC

Cypress Capital LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 9.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,680 shares of the semiconductor manufacturer’s stock after acquiring an additional 480 shares during the period. Cypress Capital LLC’s holdings in Advanced Micro Devices were worth $621,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AMD. MBM Wealth Consultants LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $25,000. Cordasco Financial Network increased its position in shares of Advanced Micro Devices by 287.5% in the first quarter. Cordasco Financial Network now owns 279 shares of the semiconductor manufacturer’s stock worth $31,000 after acquiring an additional 207 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth approximately $32,000. Hazlett Burt & Watson Inc. purchased a new position in shares of Advanced Micro Devices in the first quarter worth approximately $32,000. Finally, Delos Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 95.8% in the fourth quarter. Delos Wealth Advisors LLC now owns 235 shares of the semiconductor manufacturer’s stock worth $34,000 after acquiring an additional 115 shares in the last quarter. 69.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on AMD. Piper Sandler upgraded shares of Advanced Micro Devices from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $98.00 to $140.00 in a report on Tuesday, May 17th. Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $140.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, July 19th. Truist Financial decreased their price target on shares of Advanced Micro Devices from $144.00 to $111.00 and set a “hold” rating for the company in a report on Friday, April 8th. Wedbush restated an “outperform” rating and set a $165.00 price target on shares of Advanced Micro Devices in a report on Wednesday, June 8th. Finally, Jefferies Financial Group decreased their price target on shares of Advanced Micro Devices from $155.00 to $147.00 in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $125.93.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $102.31 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $71.60 and a 1-year high of $164.46. The firm has a fifty day simple moving average of $88.51 and a 200-day simple moving average of $100.24. The stock has a market capitalization of $165.16 billion, a price-to-earnings ratio of 42.99, a PEG ratio of 0.94 and a beta of 1.96. The company has a current ratio of 2.44, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last announced its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.02. Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. During the same quarter last year, the company earned $0.58 EPS. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.97 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 32,694 shares of the business’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the transaction, the executive vice president now owns 37,800 shares of the company’s stock, valued at $2,910,222. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the business’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total value of $2,517,111.06. Following the sale, the executive vice president now owns 37,800 shares of the company’s stock, valued at approximately $2,910,222. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Devinder Kumar sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total transaction of $2,048,800.00. Following the completion of the sale, the chief financial officer now directly owns 504,370 shares in the company, valued at approximately $51,667,662.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,660 shares of company stock valued at $7,462,511. 1.00% of the stock is owned by company insiders.

Advanced Micro Devices Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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