Soltis Investment Advisors LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Soltis Investment Advisors LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 3.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,654 shares of the semiconductor manufacturer’s stock after purchasing an additional 418 shares during the period. Soltis Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $1,198,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Activest Wealth Management acquired a new stake in Advanced Micro Devices during the third quarter worth about $26,000. Peoples Bank KS acquired a new stake in Advanced Micro Devices during the third quarter worth about $26,000. Castleview Partners LLC grew its holdings in Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after acquiring an additional 90 shares during the period. Indiana Trust & Investment Management CO acquired a new stake in Advanced Micro Devices during the third quarter worth about $31,000. Finally, Dividend Assets Capital LLC acquired a new stake in Advanced Micro Devices during the second quarter worth about $35,000. 68.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $174.23 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $75.92 and a one year high of $184.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a market cap of $281.52 billion, a PE ratio of 335.06, a P/E/G ratio of 2.44 and a beta of 1.63. The stock has a 50 day moving average price of $147.11 and a 200 day moving average price of $121.79.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. KeyCorp increased their price target on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Roth Mkm increased their price target 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. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Truist Financial increased their price target on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. increased their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $177.88.

View Our Latest Research Report on AMD

Advanced Micro Devices 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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