Alpine Woods Capital Investors LLC Purchases 3,650 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Alpine Woods Capital Investors LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 4.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,703 shares of the semiconductor manufacturer’s stock after buying an additional 3,650 shares during the quarter. Advanced Micro Devices accounts for about 1.3% of Alpine Woods Capital Investors LLC’s investment portfolio, making the stock its 19th biggest position. Alpine Woods Capital Investors LLC’s holdings in Advanced Micro Devices were worth $8,298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Meridian Wealth Management LLC raised its position in Advanced Micro Devices by 135.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after purchasing an additional 118,090 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Advanced Micro Devices by 6.3% in the third quarter. Victory Capital Management Inc. now owns 1,460,506 shares of the semiconductor manufacturer’s stock valued at $150,169,000 after acquiring an additional 86,571 shares in the last quarter. UG Investment Advisers Ltd. purchased a new stake in Advanced Micro Devices in the third quarter worth about $13,217,000. Key Financial Inc grew its holdings in Advanced Micro Devices by 5.4% during the 2nd quarter. Key Financial Inc now owns 1,941 shares of the semiconductor manufacturer’s stock worth $221,000 after acquiring an additional 100 shares in the last quarter. Finally, Principle Wealth Partners LLC increased its position in Advanced Micro Devices by 3.7% during the 2nd quarter. Principle Wealth Partners LLC now owns 3,625 shares of the semiconductor manufacturer’s stock valued at $413,000 after purchasing an additional 131 shares during the period. 68.43% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 2.6 %

Shares of NASDAQ AMD traded down $4.66 during trading on Monday, hitting $173.00. 36,446,742 shares of the company were exchanged, compared to its average volume of 90,104,148. The company has a fifty day moving average price of $146.08 and a 200-day moving average price of $121.34. The firm has a market capitalization of $279.53 billion, a PE ratio of 341.66, a P/E/G ratio of 2.44 and a beta of 1.63. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a 12-month low of $75.92 and a 12-month high of $184.92.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly 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 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same period last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.92 EPS for the current year.

Insider Transactions 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 transaction 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 document filed with the SEC, which is available through this link. In related news, CAO Darla M. Smith sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $125.69, for a total transaction of $502,760.00. Following the sale, the chief accounting officer now directly owns 5,604 shares in the company, valued at $704,366.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $117.73, for a total transaction of $8,829,750.00. Following the transaction, the chief executive officer now owns 3,347,640 shares of the company’s stock, valued at approximately $394,117,657.20. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on AMD shares. Bank of America lifted their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Barclays lifted their target price on Advanced Micro Devices from $120.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Roth Mkm raised their price objective on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Mizuho upped their target price on Advanced Micro Devices from $130.00 to $162.00 and gave the company a “buy” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.88.

Get Our Latest Stock Report on AMD

Advanced Micro Devices Company Profile

(Free Report)

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.

See Also

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

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