Salem Investment Counselors Inc. Boosts Stock Holdings in Advanced Micro Devices, Inc. $AMD

Salem Investment Counselors Inc. grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 265,783 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,083 shares during the quarter. Advanced Micro Devices comprises 1.2% of Salem Investment Counselors Inc.’s holdings, making the stock its 15th largest position. Salem Investment Counselors Inc.’s holdings in Advanced Micro Devices were worth $43,001,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMD. Brighton Jones LLC lifted its stake in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock worth $1,001,000 after purchasing an additional 234 shares in the last quarter. Versor Investments LP purchased a new position in Advanced Micro Devices in the 1st quarter worth approximately $1,027,000. Aptus Capital Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 0.4% during the 1st quarter. Aptus Capital Advisors LLC now owns 101,950 shares of the semiconductor manufacturer’s stock worth $10,474,000 after purchasing an additional 437 shares during the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter valued at approximately $1,000,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 0.8%

Shares of NASDAQ AMD opened at $209.17 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The firm has a market cap of $340.54 billion, a price-to-earnings ratio of 103.55, a PEG ratio of 1.54 and a beta of 1.93. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The business’s 50 day moving average is $231.14 and its two-hundred day moving average is $181.40.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.Advanced Micro Devices’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Raymond James Financial began coverage on Advanced Micro Devices in a research note on Thursday, November 20th. They set an “outperform” rating and a $377.00 price objective on the stock. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, October 8th. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 12th. Rosenblatt Securities reissued a “buy” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Finally, Roth Capital reaffirmed a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $277.11.

Insider Buying and Selling at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the transaction, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This trade represents a 24.10% 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, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 183,476 shares of company stock worth $40,249,093. 0.06% of the stock is currently owned by corporate insiders.

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.