Advisory Resource Group Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisory Resource Group raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 19.3% during the third quarter, Holdings Channel.com reports. The firm owned 7,920 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,282 shares during the period. Advisory Resource Group’s holdings in Advanced Micro Devices were worth $1,300,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. M&T Bank Corp boosted its stake in shares of Advanced Micro Devices by 6.0% in the third quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer’s stock valued at $19,179,000 after purchasing an additional 6,569 shares during the period. Second Line Capital LLC lifted its holdings in Advanced Micro Devices by 1,111.8% during the 3rd quarter. Second Line Capital LLC now owns 17,838 shares of the semiconductor manufacturer’s stock worth $2,927,000 after buying an additional 16,366 shares in the last quarter. TCW Group Inc. boosted its position in Advanced Micro Devices by 35.6% in the 3rd quarter. TCW Group Inc. now owns 123,528 shares of the semiconductor manufacturer’s stock valued at $20,268,000 after buying an additional 32,402 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Advanced Micro Devices by 27.3% in the third quarter. Rehmann Capital Advisory Group now owns 7,847 shares of the semiconductor manufacturer’s stock worth $1,289,000 after acquiring an additional 1,684 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of Advanced Micro Devices by 5.5% during the third quarter. TD Private Client Wealth LLC now owns 10,528 shares of the semiconductor manufacturer’s stock worth $1,727,000 after acquiring an additional 550 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Up 1.9 %

AMD stock opened at $130.15 on Thursday. The stock has a market capitalization of $211.21 billion, a PE ratio of 117.25, a price-to-earnings-growth ratio of 1.91 and a beta of 1.66. The company has a fifty day moving average of $148.84 and a 200-day moving average of $152.74. Advanced Micro Devices, Inc. has a one year low of $121.82 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business earned $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of analyst reports. Roth Mkm reissued a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Barclays dropped their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. TD Cowen decreased their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. UBS Group lowered their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.36.

Advanced Micro Devices Company Profile

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.