2,913 Shares in Advanced Micro Devices, Inc. $AMD Bought by Shum Financial Group Inc.

Shum Financial Group Inc. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,913 shares of the semiconductor manufacturer’s stock, valued at approximately $471,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wise Wealth Partners acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $343,000. Waterfront Wealth Inc. acquired a new position in Advanced Micro Devices in the second quarter valued at about $1,145,000. Parisi Gray Wealth Management acquired a new stake in Advanced Micro Devices during the second quarter worth about $343,000. Global Retirement Partners LLC acquired a new stake in Advanced Micro Devices during the second quarter worth about $4,519,000. Finally, Cornercap Investment Counsel Inc. increased its holdings in Advanced Micro Devices by 43.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock valued at $1,738,000 after buying an additional 3,702 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,108 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the transaction, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. This represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the sale, the chief executive officer directly owned 3,277,476 shares of the company’s stock, valued at $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 181,226 shares of company stock valued at $39,877,820 in the last ninety days. Insiders own 0.06% of the company’s stock.

Advanced Micro Devices News Summary

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

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $215.34 on Wednesday. The firm has a market cap of $350.58 billion, a PE ratio of 106.60, a price-to-earnings-growth ratio of 1.60 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 firm’s fifty day moving average is $227.45 and its 200-day moving average is $187.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The company 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%.The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMD shares. Truist Financial cut their price target on shares of Advanced Micro Devices from $279.00 to $277.00 and set a “buy” rating for the company in a report on Friday, December 19th. Melius Research set a $380.00 target price on Advanced Micro Devices in a research note on Wednesday, November 12th. Citigroup lifted their price target on Advanced Micro Devices from $215.00 to $260.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Sanford C. Bernstein restated a “market perform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Finally, CICC Research raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective on the stock in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.06.

Check Out Our Latest Stock Analysis on AMD

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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