Lodestone Wealth Management LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,349 shares of the semiconductor manufacturer’s stock after selling 289 shares during the quarter. Lodestone Wealth Management LLC’s holdings in Advanced Micro Devices were worth $333,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Cornerstone Advisory LLC boosted its stake in Advanced Micro Devices by 1.4% in the second quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock valued at $606,000 after acquiring an additional 57 shares during the last quarter. King Wealth Management Group raised its position in shares of Advanced Micro Devices by 2.1% during the 2nd quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $428,000 after acquiring an additional 62 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Advanced Micro Devices by 14.8% in the 2nd quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer’s stock valued at $71,000 after purchasing an additional 65 shares during the period. Tritonpoint Wealth LLC boosted its position in shares of Advanced Micro Devices by 2.6% in the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after purchasing an additional 72 shares during the last quarter. Finally, Avion Wealth grew its stake in shares of Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.
Advanced Micro Devices Price Performance
NASDAQ AMD opened at $223.55 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a market cap of $363.95 billion, a price-to-earnings ratio of 128.48, a PEG ratio of 2.42 and a beta of 1.92. The business has a 50 day simple moving average of $212.60 and a 200 day simple moving average of $166.99. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08.
Insider Activity
In related news, EVP Forrest Eugene Norrod sold 17,200 shares of Advanced Micro Devices stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the transaction, the executive vice president owned 313,848 shares in the company, valued at approximately $50,507,558.64. This trade represents a 5.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. This represents a 24.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,118 shares of company stock valued at $7,555,369 in the last quarter. Company insiders own 0.06% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on AMD shares. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. TD Cowen boosted their target price on Advanced Micro Devices from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Roth Capital reiterated a “buy” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. CICC Research raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective on the stock in a research note on Friday, November 7th. Finally, Raymond James Financial boosted their price objective on shares of Advanced Micro Devices from $120.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $273.49.
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.
Read More
- Five stocks we like better than Advanced Micro Devices
- Roth IRA Calculator: Calculate Your Potential Returns
- Is Tesla Setting Up for a Year-End Rebound—or a Collapse?
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Applied Materials: Up 40% in 2025 With Room to Run Long-Term
- Stock Market Sectors: What Are They and How Many Are There?
- onsemi Places a $6 Billion Bet on Its Own Stock
Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report).
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.
