Advanced Micro Devices, Inc. $AMD Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 295,098 shares of the semiconductor manufacturer’s stock after acquiring an additional 21,866 shares during the period. Wealthfront Advisers LLC’s holdings in Advanced Micro Devices were worth $63,198,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMD. Impax Asset Management Group plc boosted its position in Advanced Micro Devices by 326.5% during the third quarter. Impax Asset Management Group plc now owns 52,068 shares of the semiconductor manufacturer’s stock worth $8,424,000 after purchasing an additional 39,861 shares in the last quarter. Zweig DiMenna Associates LLC boosted its position in Advanced Micro Devices by 127.6% during the third quarter. Zweig DiMenna Associates LLC now owns 72,602 shares of the semiconductor manufacturer’s stock worth $11,746,000 after purchasing an additional 40,708 shares in the last quarter. Wedbush Securities Inc. boosted its position in Advanced Micro Devices by 7.8% during the third quarter. Wedbush Securities Inc. now owns 84,256 shares of the semiconductor manufacturer’s stock worth $13,632,000 after purchasing an additional 6,095 shares in the last quarter. Highline Wealth Partners LLC boosted its position in Advanced Micro Devices by 4,891.6% during the fourth quarter. Highline Wealth Partners LLC now owns 8,286 shares of the semiconductor manufacturer’s stock worth $1,775,000 after purchasing an additional 8,120 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in Advanced Micro Devices by 72.5% during the third quarter. William Blair Investment Management LLC now owns 1,047,200 shares of the semiconductor manufacturer’s stock worth $169,426,000 after purchasing an additional 440,296 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $214.36, for a total transaction of $26,795,000.00. Following the transaction, the chief executive officer directly owned 3,152,476 shares in the company, valued at approximately $675,764,755.36. This represents a 3.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president owned 289,098 shares in the company, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 273,352 shares of company stock valued at $59,173,070. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on AMD. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. KeyCorp reaffirmed an “overweight” rating and set a $330.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 24th. UBS Group set a $310.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 4th. Northland Securities reaffirmed a “market perform” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a research note on Monday. Finally, Citigroup decreased their price objective on Advanced Micro Devices from $260.00 to $248.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $295.46.

Check Out Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $334.51 on Tuesday. The business’s 50-day moving average price is $224.34 and its 200 day moving average price is $225.82. Advanced Micro Devices, Inc. has a twelve month low of $91.87 and a twelve month high of $352.99. The company has a market capitalization of $545.36 billion, a PE ratio of 126.23, a price-to-earnings-growth ratio of 1.26 and a beta of 1.96. The company has a current ratio of 2.85, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.21. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The firm had revenue of $10.27 billion for the quarter, compared to the consensus estimate of $9.65 billion. During the same period in the prior year, the business posted $1.09 earnings per share. The firm’s revenue for the quarter was up 34.1% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices, Inc. will post 5.78 earnings per share for the current year.

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.

Featured Stories

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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