Sargent Investment Group LLC Has $946,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sargent Investment Group LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 83.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,767 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,626 shares during the period. Sargent Investment Group LLC’s holdings in Advanced Micro Devices were worth $946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AMD. Quantbot Technologies LP bought a new position in Advanced Micro Devices in the first quarter worth approximately $331,000. TBH Global Asset Management LLC bought a new position in shares of Advanced Micro Devices in the first quarter worth $260,000. Kingsview Wealth Management LLC boosted its position in Advanced Micro Devices by 1.4% during the 1st quarter. Kingsview Wealth Management LLC now owns 19,637 shares of the semiconductor manufacturer’s stock valued at $3,544,000 after buying an additional 266 shares during the period. HBK Sorce Advisory LLC grew its stake in shares of Advanced Micro Devices by 4.5% in the first quarter. HBK Sorce Advisory LLC now owns 11,211 shares of the semiconductor manufacturer’s stock worth $2,023,000 after purchasing an additional 479 shares during the last quarter. Finally, Blair William & Co. IL lifted its position in Advanced Micro Devices by 7.8% during the 1st quarter. Blair William & Co. IL now owns 222,081 shares of the semiconductor manufacturer’s stock valued at $40,083,000 after acquiring an additional 16,033 shares during the period. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent research reports. Truist Financial cut their price target on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research note on Wednesday, July 31st. TD Cowen reduced their price target on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Roth Mkm reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Evercore ISI raised their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Benchmark reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Trading Up 0.2 %

AMD stock traded up $0.32 during midday trading on Thursday, hitting $139.62. The stock had a trading volume of 12,133,680 shares, compared to its average volume of 55,574,188. The company’s 50-day moving average price is $154.52 and its 200 day moving average price is $155.31. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market cap of $226.58 billion, a PE ratio of 126.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.71. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices 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.