Advanced Micro Devices, Inc. $AMD Shares Bought by Wedmont Private Capital

Wedmont Private Capital raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,856 shares of the semiconductor manufacturer’s stock after buying an additional 4,300 shares during the period. Wedmont Private Capital’s holdings in Advanced Micro Devices were worth $3,860,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Advanced Micro Devices by 178.2% during the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the period. Revolve Wealth Partners LLC lifted its position 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 buying an additional 234 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 4.2% during the 1st quarter. Legacy Financial Advisors Inc. now owns 5,212 shares of the semiconductor manufacturer’s stock valued at $535,000 after buying an additional 210 shares during the period. HMS Capital Management LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter valued at $902,000. Finally, Level Four Advisory Services LLC grew its holdings in shares of Advanced Micro Devices by 3.1% during the 1st quarter. Level Four Advisory Services LLC now owns 38,115 shares of the semiconductor manufacturer’s stock valued at $3,916,000 after acquiring an additional 1,145 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the transaction, the executive vice president directly owned 300,348 shares in the company, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on 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 completion of 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 position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 183,476 shares of company stock valued at $40,249,093. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 5.3%

Shares of AMD stock opened at $198.16 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08. The firm’s fifty day simple moving average is $230.39 and its 200 day simple moving average is $181.52. The firm has a market capitalization of $322.62 billion, a P/E ratio of 98.10, a price-to-earnings-growth ratio of 1.55 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping 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 net margin of 10.32% and a return on equity of 8.04%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of recent research reports. Bank of America restated a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Wedbush reissued an “outperform” rating and issued a $290.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Cowen restated a “buy” rating on shares of Advanced Micro Devices in a report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Jefferies Financial Group set a $300.00 target price on shares of Advanced Micro Devices and gave the stock a “positive” rating in a research report on Monday, October 6th. Three equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $277.11.

Advanced Micro Devices Profile

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.