SS&H Financial Advisors Inc. Purchases New Position in Advanced Micro Devices, Inc. $AMD

SS&H Financial Advisors Inc. acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the third quarter, HoldingsChannel reports. The institutional investor acquired 3,550 shares of the semiconductor manufacturer’s stock, valued at approximately $574,000.

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

Key Stores Impacting Advanced Micro Devices

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group upped 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday, December 22nd. Barclays reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Wells Fargo & Company lifted their target price on shares of Advanced Micro Devices from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Wednesday, November 12th. Finally, Bank of America reiterated a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Three equities research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $277.06.

Check Out Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $214.99 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. The firm has a market cap of $350.01 billion, a price-to-earnings ratio of 106.43, a price-to-earnings-growth ratio of 1.59 and a beta of 1.93. The firm’s fifty day moving average price is $228.40 and its 200 day moving average price is $186.60. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. Advanced Micro Devices’s quarterly revenue was up 35.6% on a year-over-year basis. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president owned 9,033 shares in the company, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total value of $26,892,500.00. Following the transaction, the chief executive officer directly owned 3,277,476 shares of the company’s stock, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 181,226 shares of company stock valued at $39,877,820. Company insiders own 0.06% of the company’s stock.

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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