5,185 Shares in Advanced Micro Devices, Inc. $AMD Purchased by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,185 shares of the semiconductor manufacturer’s stock, valued at approximately $1,110,000.

Several other hedge funds have also bought and sold shares of AMD. First United Bank & Trust grew its stake in shares of Advanced Micro Devices by 3.4% during the 4th quarter. First United Bank & Trust now owns 3,899 shares of the semiconductor manufacturer’s stock worth $835,000 after purchasing an additional 128 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth $230,000. Bank of Stockton grew its position in Advanced Micro Devices by 60.9% during the fourth quarter. Bank of Stockton now owns 2,895 shares of the semiconductor manufacturer’s stock valued at $620,000 after buying an additional 1,096 shares during the period. Albion Financial Group UT grew its position in Advanced Micro Devices by 474.6% during the fourth quarter. Albion Financial Group UT now owns 793 shares of the semiconductor manufacturer’s stock valued at $170,000 after buying an additional 655 shares during the period. Finally, Apella Capital LLC increased its holdings in Advanced Micro Devices by 0.8% in the fourth quarter. Apella Capital LLC now owns 6,101 shares of the semiconductor manufacturer’s stock valued at $1,307,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.2%

Shares of AMD opened at $220.18 on Tuesday. The stock has a 50 day moving average price of $209.24 and a 200 day moving average price of $215.70. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year 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. The stock has a market capitalization of $358.97 billion, a price-to-earnings ratio of 83.09, a PEG ratio of 0.82 and a beta of 1.96.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced 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. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The company had revenue of $10.27 billion for the quarter, compared to analyst estimates of $9.65 billion. During the same quarter last year, the firm posted $1.09 EPS. The firm’s revenue for the quarter was up 34.1% on a year-over-year basis. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president directly owned 289,098 shares of the company’s stock, valued at $62,679,337.38. This trade represents a 6.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the transaction, the executive vice president owned 129,598 shares in the company, valued at approximately $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 239,392 shares of company stock valued at $50,016,383. Corporate insiders own 0.06% of the company’s stock.

More Advanced Micro Devices News

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Morgan Stanley dropped their target price on Advanced Micro Devices from $260.00 to $255.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Wedbush reiterated an “outperform” rating and set a $290.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 4th. The Goldman Sachs Group raised their price objective on Advanced Micro Devices from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 4th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $290.19.

Read Our Latest Analysis on AMD

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.

Featured Articles

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:AMDFree Report).

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

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.