White Wing Wealth Management Boosts Stake in Advanced Micro Devices, Inc. $AMD

White Wing Wealth Management raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 43.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,642 shares of the semiconductor manufacturer’s stock after buying an additional 2,005 shares during the period. Advanced Micro Devices comprises approximately 0.7% of White Wing Wealth Management’s investment portfolio, making the stock its 15th biggest position. White Wing Wealth Management’s holdings in Advanced Micro Devices were worth $1,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMD. Wise Wealth Partners purchased a new stake in shares of Advanced Micro Devices during the second quarter valued at $343,000. Waterfront Wealth Inc. bought a new stake in Advanced Micro Devices during the 2nd quarter valued at about $1,145,000. Global Retirement Partners LLC purchased a new stake in Advanced Micro Devices in the 2nd quarter valued at about $4,519,000. Cornercap Investment Counsel Inc. grew its stake in Advanced Micro Devices by 43.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after acquiring an additional 3,702 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Advanced Micro Devices by 7.5% during the second quarter. Swiss National Bank now owns 4,917,975 shares of the semiconductor manufacturer’s stock valued at $697,861,000 after acquiring an additional 341,000 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMD shares. Robert W. Baird set a $300.00 price objective on Advanced Micro Devices in a research note on Wednesday, November 5th. Mizuho upped their target price on Advanced Micro Devices from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, November 12th. The Goldman Sachs Group raised their price target on Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Bank of America restated a “buy” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Finally, China Renaissance initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, January 13th. They set a “buy” rating and a $291.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $280.22.

Insiders Place Their Bets

In other news, SVP Ava Hahn sold 2,442 shares of the firm’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $234.42, for a total value of $572,453.64. Following the completion of the sale, the senior vice president owned 16,359 shares of the company’s stock, valued at $3,834,876.78. This trade represents a 12.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business’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 transaction, the executive vice president owned 300,348 shares in the company, valued at approximately $68,890,820.76. This trade represents a 6.08% 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 164,000 shares of company stock worth $36,034,173. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Up 2.3%

NASDAQ:AMD opened at $259.68 on Monday. The company’s 50-day simple moving average is $218.66 and its 200-day simple moving average is $199.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The stock has a market capitalization of $422.77 billion, a P/E ratio of 128.56, a P/E/G ratio of 1.08 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion during 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%. Advanced Micro Devices’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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.