OneDigital Investment Advisors LLC Boosts Stock Position in Advanced Micro Devices, Inc. $AMD

OneDigital Investment Advisors LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 4.4% in the third quarter, HoldingsChannel reports. The fund owned 102,107 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,303 shares during the period. OneDigital Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $16,520,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. ORG Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 39.7% in the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. Koesten Hirschmann & Crabtree INC. raised its holdings in Advanced Micro Devices by 61.0% during the third quarter. Koesten Hirschmann & Crabtree INC. now owns 161 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 61 shares during the period. Pinney & Scofield Inc. boosted its stake in shares of Advanced Micro Devices by 81.0% in the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 85 shares during the period. Evolution Wealth Management Inc. bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $34,000. Finally, Signature Resources Capital Management LLC grew its stake in Advanced Micro Devices by 170.4% during the third quarter. Signature Resources Capital Management LLC now owns 219 shares of the semiconductor manufacturer’s stock valued at $35,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,442 shares of the company’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $234.42, for a total transaction of $572,453.64. Following the transaction, the senior vice president owned 16,359 shares of the company’s stock, valued at approximately $3,834,876.78. This represents a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the sale, the chief executive officer owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 271,892 shares of company stock worth $58,476,908. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMD. Wedbush reissued an “outperform” rating and set a $290.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 4th. Wall Street Zen raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. Raymond James Financial initiated coverage on Advanced Micro Devices in a research note on Thursday, November 20th. They issued an “outperform” rating and a $377.00 price objective on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $345.00 price objective on shares of Advanced Micro Devices in a report on Friday, January 30th. Finally, KeyCorp raised their target price on shares of Advanced Micro Devices from $270.00 to $300.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $288.17.

Read Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices News Roundup

Here are the key news stories impacting Advanced Micro Devices this week:

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $200.15 on Friday. The firm has a market capitalization of $326.33 billion, a PE ratio of 75.53, a PEG ratio of 0.75 and a beta of 1.94. The stock’s fifty day moving average is $219.68 and its 200 day moving average is $207.04. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.85.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. The business had revenue of $10.27 billion for the quarter, compared to analysts’ expectations of $9.65 billion. Advanced Micro Devices had a net margin of 12.52% and a return on equity of 8.84%. The business’s revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 earnings per share. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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

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