SS&H Financial Advisors Inc. Acquires New Shares in Advanced Micro Devices, Inc. $AMD

SS&H Financial Advisors Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,550 shares of the semiconductor manufacturer’s stock, valued at approximately $574,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter worth about $3,094,662,000. Kingstone Capital Partners Texas LLC purchased a new position in Advanced Micro Devices during the second quarter worth about $958,422,000. Rafferty Asset Management LLC increased its position in shares of Advanced Micro Devices by 56.0% during the second quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock valued at $961,078,000 after acquiring an additional 2,430,533 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer’s stock valued at $21,944,673,000 after acquiring an additional 2,281,508 shares during the period. Finally, Viking Global Investors LP acquired a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $271,110,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total value of $4,461,246.50. Following the sale, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the sale, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 181,226 shares of company stock worth $39,877,820. Insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMD shares. Evercore ISI lifted their target price on shares of Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Dbs Bank raised Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Piper Sandler reissued an “overweight” rating and set a $280.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. UBS Group raised their target price on Advanced Micro Devices from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Bank of America reaffirmed a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $277.06.

View Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $214.99 on Monday. The stock’s 50-day moving average is $228.40 and its two-hundred day moving average is $186.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. The company has a market cap of $350.01 billion, a price-to-earnings ratio of 106.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.93. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Key Stores Impacting Advanced Micro Devices

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Advanced Micro Devices Company 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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