Koshinski Asset Management Inc. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 21.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,063 shares during the period. Koshinski Asset Management Inc.’s holdings in Advanced Micro Devices were worth $851,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Advanced Micro Devices by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock worth $15,654,222,000 after purchasing an additional 2,157,199 shares in the last quarter. Amundi lifted its holdings in Advanced Micro Devices by 8.0% during the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after purchasing an additional 1,319,064 shares in the last quarter. Invesco Ltd. lifted its holdings in Advanced Micro Devices by 4.0% during the 1st quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock worth $1,214,285,000 after purchasing an additional 450,695 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Advanced Micro Devices by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer’s stock worth $1,083,815,000 after purchasing an additional 466,048 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Price Performance
Shares of Advanced Micro Devices stock opened at $233.08 on Monday. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $378.25 billion, a PE ratio of 133.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.90. The business’s 50-day moving average price is $175.96 and its 200-day moving average price is $142.07. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $241.20.
Insider Activity
In other news, SVP Ava Hahn sold 2,868 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total value of $2,767,996.00. Following the transaction, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 274,118 shares of company stock worth $46,180,719. 0.06% of the stock is currently owned by insiders.
Analysts Set New Price Targets
AMD has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on Advanced Micro Devices from $185.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $235.00 price target on Advanced Micro Devices and gave the company a “hold” rating in a report on Tuesday, October 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $240.00 price target on shares of Advanced Micro Devices in a report on Tuesday, October 7th. Stifel Nicolaus set a $240.00 price target on Advanced Micro Devices in a report on Monday, October 6th. Finally, Jefferies Financial Group set a $300.00 price target on Advanced Micro Devices and gave the company a “positive” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $233.94.
Check Out Our Latest Stock Report on AMD
About Advanced Micro Devices
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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