Whitaker Myers Wealth Managers LTD. Has $2.35 Million Stake in Advanced Micro Devices, Inc. $AMD

Whitaker Myers Wealth Managers LTD. raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 195.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,496 shares of the semiconductor manufacturer’s stock after acquiring an additional 9,594 shares during the quarter. Advanced Micro Devices comprises 0.5% of Whitaker Myers Wealth Managers LTD.’s investment portfolio, making the stock its 29th biggest holding. Whitaker Myers Wealth Managers LTD.’s holdings in Advanced Micro Devices were worth $2,345,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in AMD. Pinney & Scofield Inc. grew its stake in Advanced Micro Devices by 81.0% during the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares during the period. Dogwood Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 208 shares in the last quarter. Avion Wealth grew its position in shares of Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after buying an additional 72 shares during the period. West Branch Capital LLC grew its position in shares of Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares during the period. Finally, Evolution Wealth Management Inc. bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $34,000. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMD shares. Benchmark increased their target price on shares of Advanced Micro Devices from $270.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on Advanced Micro Devices and gave the company a “hold” rating in a research note on Tuesday, October 14th. UBS Group boosted their target price on Advanced Micro Devices from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Raymond James Financial began coverage on Advanced Micro Devices in a research note on Thursday, November 20th. They issued an “outperform” rating and a $377.00 price objective for the company. Finally, Morgan Stanley restated an “equal weight” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $277.06.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $214.80 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. 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 stock has a 50 day moving average price of $228.77 and a two-hundred day moving average price of $185.06. The firm has a market capitalization of $349.69 billion, a P/E ratio of 106.33, a P/E/G ratio of 1.59 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (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 analysts’ expectations 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 quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 transaction of $26,892,500.00. Following the transaction, the chief executive officer directly owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ava Hahn sold 2,868 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was 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 directly owned 9,033 shares of the company’s stock, 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. In the last 90 days, insiders have sold 181,226 shares of company stock worth $39,877,820. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Profile

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.