Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Dunhill Financial LLC

Dunhill Financial LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 555 shares of the semiconductor manufacturer’s stock after acquiring an additional 157 shares during the quarter. Dunhill Financial LLC’s holdings in Advanced Micro Devices were worth $91,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AMD. Orion Portfolio Solutions LLC raised its position in shares of Advanced Micro Devices by 4.4% in the third quarter. Orion Portfolio Solutions LLC now owns 62,169 shares of the semiconductor manufacturer’s stock valued at $10,201,000 after buying an additional 2,644 shares during the last quarter. World Investment Advisors LLC grew its stake in Advanced Micro Devices by 1,031.3% in the 3rd quarter. World Investment Advisors LLC now owns 131,140 shares of the semiconductor manufacturer’s stock worth $21,517,000 after acquiring an additional 119,548 shares during the period. Zacks Investment Management purchased a new stake in Advanced Micro Devices in the 3rd quarter worth approximately $32,328,000. iA Global Asset Management Inc. raised its holdings in Advanced Micro Devices by 48.0% in the 3rd quarter. iA Global Asset Management Inc. now owns 235,056 shares of the semiconductor manufacturer’s stock valued at $38,568,000 after acquiring an additional 76,275 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of Advanced Micro Devices by 19.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 66,132 shares of the semiconductor manufacturer’s stock worth $10,851,000 after purchasing an additional 10,566 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 2.0 %

NASDAQ AMD opened at $138.59 on Friday. The stock has a market cap of $224.91 billion, a P/E ratio of 124.86, a PEG ratio of 1.99 and a beta of 1.65. The company’s fifty day simple moving average is $150.14 and its 200-day simple moving average is $153.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $119.56 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated 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 owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Evercore ISI lifted their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Monday, October 28th. Morgan Stanley cut their price objective on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. TD Cowen decreased their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $193.25.

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.