25,000 Shares in Advanced Micro Devices, Inc. $AMD Acquired by Fund 1 Investments LLC

Fund 1 Investments LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 25,000 shares of the semiconductor manufacturer’s stock, valued at approximately $3,548,000.

A number of other hedge funds have also bought and sold shares of AMD. Cornerstone Advisory LLC lifted its position in Advanced Micro Devices by 1.4% during the second quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock valued at $606,000 after purchasing an additional 57 shares during the period. King Wealth Management Group raised its stake in Advanced Micro Devices by 2.1% during the 2nd quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $428,000 after buying an additional 62 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in shares of Advanced Micro Devices by 14.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer’s stock valued at $71,000 after buying an additional 65 shares during the period. Tritonpoint Wealth LLC boosted its stake in shares of Advanced Micro Devices by 2.6% in the 2nd quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after buying an additional 72 shares during the last quarter. Finally, Avion Wealth grew its holdings in shares of Advanced Micro Devices by 49.3% in the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity

In other news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the transaction, the chief executive officer owned 3,277,476 shares of the company’s stock, valued at approximately $705,116,186.64. This represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the senior vice president owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 183,476 shares of company stock valued at $40,249,093. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wolfe Research set a $300.00 target price on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Wedbush reissued an “outperform” rating and issued a $290.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. UBS Group upped their target price on shares of Advanced Micro Devices from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Benchmark lifted their price target 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. Finally, Roth Capital restated a “buy” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a research note 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 issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.54.

Advanced Micro Devices Stock Down 4.8%

AMD opened at $210.78 on Friday. The company has a market capitalization of $343.16 billion, a PE ratio of 104.35, a price-to-earnings-growth ratio of 1.64 and a beta of 1.93. The firm has a 50-day simple moving average of $231.11 and a two-hundred day simple moving average of $179.11. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating 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 firm had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the prior year, the company earned $0.92 EPS. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.