Phoenix Financial Ltd. Has $9.68 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Phoenix Financial Ltd. grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 19.5% during the third quarter, Holdings Channel reports. The firm owned 59,794 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,756 shares during the period. Phoenix Financial Ltd.’s holdings in Advanced Micro Devices were worth $9,678,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMD. Brighton Jones LLC boosted its stake in shares of Advanced Micro Devices by 178.2% during the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after acquiring an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings 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 during the last quarter. Sivia Capital Partners LLC lifted its holdings in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock worth $758,000 after purchasing an additional 2,970 shares during the last quarter. LVW Advisors LLC bought a new stake in Advanced Micro Devices during the second quarter worth approximately $268,000. Finally, Avior Wealth Management LLC grew its holdings in Advanced Micro Devices by 1.4% during the second quarter. Avior Wealth Management LLC now owns 13,853 shares of the semiconductor manufacturer’s stock valued at $1,966,000 after purchasing an additional 188 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,442 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $234.42, for a total transaction of $572,453.64. Following the sale, the senior vice president directly owned 16,359 shares in the company, valued at approximately $3,834,876.78. The trade was a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the transaction, the executive vice president owned 1,714,505 shares of the company’s stock, valued at $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,000 shares of company stock worth $36,034,173 over the last quarter. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 3.2%

Shares of AMD opened at $251.31 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. The company has a 50-day simple moving average of $218.88 and a 200-day simple moving average of $200.05. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The firm has a market capitalization of $409.14 billion, a P/E ratio of 124.41, a P/E/G ratio of 1.08 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same period last year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AMD. KeyCorp restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, January 21st. Dbs Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. China Renaissance began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 13th. They set a “buy” rating and a $291.00 price target for the company. Susquehanna reaffirmed a “positive” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $281.06.

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Advanced Micro Devices 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.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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