Clearstead Advisors LLC Has $723,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Clearstead Advisors LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 15.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,035 shares of the semiconductor manufacturer’s stock after purchasing an additional 934 shares during the period. Clearstead Advisors LLC’s holdings in Advanced Micro Devices were worth $723,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in Advanced Micro Devices during the second quarter worth approximately $2,908,000. Castleview Partners LLC raised its position in shares of Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock valued at $27,000 after buying an additional 90 shares in the last quarter. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $26,000. Activest Wealth Management acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $26,000. Finally, Indiana Trust & Investment Management CO acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $31,000. 68.43% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 3.2 %

Advanced Micro Devices stock opened at $172.06 on Wednesday. Advanced Micro Devices, Inc. has a twelve month low of $72.03 and a twelve month high of $184.92. The firm has a 50 day moving average price of $143.11 and a 200-day moving average price of $120.19. The company has a market capitalization of $275.30 billion, a P/E ratio of 1,433.95, a P/E/G ratio of 4.72 and a beta of 1.70. The company has a quick ratio of 1.61, a current ratio of 2.19 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 0.94% and a return on equity of 5.61%. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period in the prior year, the firm earned $0.54 EPS. The company’s revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 1.92 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 4,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $125.69, for a total value of $502,760.00. Following the sale, the chief accounting officer now directly owns 5,604 shares in the company, valued at approximately $704,366.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $117.73, for a total value of $8,829,750.00. Following the sale, the chief executive officer now directly owns 3,347,640 shares in the company, valued at approximately $394,117,657.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 4,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $125.69, for a total transaction of $502,760.00. Following the completion of the transaction, the chief accounting officer now directly owns 5,604 shares in the company, valued at approximately $704,366.76. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp lifted their price objective on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research note on Wednesday, January 24th. Finally, Wedbush decreased their price objective on shares of Advanced Micro Devices from $155.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $166.42.

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Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.

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

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