Ashton Thomas Securities LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,646 shares of the semiconductor manufacturer’s stock, valued at approximately $234,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its position in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after buying an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after acquiring an additional 234 shares during the last quarter. NBC Securities Inc. boosted its holdings in Advanced Micro Devices by 59,416.7% during the 1st quarter. NBC Securities Inc. now owns 3,571 shares of the semiconductor manufacturer’s stock worth $366,000 after acquiring an additional 3,565 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Advanced Micro Devices by 37.4% in the 1st quarter. RFG Advisory LLC now owns 11,418 shares of the semiconductor manufacturer’s stock worth $1,173,000 after acquiring an additional 3,108 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Advanced Micro Devices by 39.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 14,361 shares of the semiconductor manufacturer’s stock valued at $1,475,000 after purchasing an additional 4,026 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
Advanced Micro Devices Stock Performance
NASDAQ:AMD opened at $164.67 on Friday. The company has a market capitalization of $267.23 billion, a P/E ratio of 94.64, a P/E/G ratio of 2.00 and a beta of 1.90. The business has a fifty day simple moving average of $165.94 and a two-hundred day simple moving average of $133.43. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $186.65.
Insider Buying and Selling at Advanced Micro Devices
In other news, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares of the company’s stock, valued at $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the company’s stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the sale, the executive vice president owned 1,713,710 shares in the company, valued at $265,676,461.30. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 272,448 shares of company stock worth $44,554,848 over the last three months. Company insiders own 0.06% of the company’s stock.
Analyst Ratings Changes
Several research firms recently weighed in on AMD. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating and boosted their price target for the stock from $110.00 to $175.00 in a report on Monday, June 23rd. Barclays boosted their target price on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. Stifel Nicolaus increased their price target on Advanced Micro Devices from $161.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Finally, Benchmark upped their price objective on Advanced Micro Devices from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.88.
Read Our Latest Analysis on Advanced Micro Devices
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.
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