Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Taurus Asset Management LLC

Taurus Asset Management LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,878 shares of the semiconductor manufacturer’s stock after acquiring an additional 952 shares during the period. Taurus Asset Management LLC’s holdings in Advanced Micro Devices were worth $10,578,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMD. Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. TD Cowen boosted their target price on shares of Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a report on Wednesday, January 24th. UBS Group boosted their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Mizuho increased their target price on shares of Advanced Micro Devices from $130.00 to $162.00 and gave the company a “buy” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $177.88.

Read Our Latest Analysis on AMD

Advanced Micro Devices Stock Up 0.9 %

AMD stock opened at $174.00 on Monday. The firm’s 50-day simple moving average is $150.95 and its 200 day simple moving average is $123.45. Advanced Micro Devices, Inc. has a fifty-two week low of $75.92 and a fifty-two week high of $184.92. The stock has a market cap of $278.40 billion, a PE ratio of 331.70, a price-to-earnings-growth ratio of 2.59 and a beta of 1.63. The company has a quick ratio of 1.86, a current ratio of 2.51 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 EPS for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. During the same quarter last year, the company earned $0.54 EPS. Advanced Micro Devices’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CAO Darla M. Smith sold 4,000 shares of the company’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $125.69, for a total value of $502,760.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through this link. In other news, CAO Darla M. Smith sold 4,000 shares of Advanced Micro Devices 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 transaction, the chief accounting officer now directly 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 accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. In the last three months, insiders sold 238,293 shares of company stock valued at $37,275,520. 0.73% of the stock is owned by insiders.

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.

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

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