Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Lynx Investment Advisory

Lynx Investment Advisory grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 70.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 2,085 shares of the semiconductor manufacturer’s stock after buying an additional 860 shares during the period. Lynx Investment Advisory’s holdings in Advanced Micro Devices were worth $342,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMD. Quantbot Technologies LP purchased a new position in Advanced Micro Devices in the 1st quarter worth $331,000. Choate Investment Advisors increased its holdings in shares of Advanced Micro Devices by 6.9% in the first quarter. Choate Investment Advisors now owns 3,322 shares of the semiconductor manufacturer’s stock valued at $600,000 after purchasing an additional 215 shares during the period. Hohimer Wealth Management LLC acquired a new position in shares of Advanced Micro Devices in the first quarter valued at about $460,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Advanced Micro Devices by 0.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 354,711 shares of the semiconductor manufacturer’s stock worth $64,022,000 after purchasing an additional 901 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Advanced Micro Devices by 22.2% during the first quarter. ProShare Advisors LLC now owns 2,056,044 shares of the semiconductor manufacturer’s stock worth $371,095,000 after purchasing an additional 373,745 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Robert W. Baird dropped their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Stock Down 0.1 %

Advanced Micro Devices stock traded down $0.19 during mid-day trading on Monday, hitting $147.76. The company had a trading volume of 8,776,968 shares, compared to its average volume of 55,871,395. The stock has a market cap of $239.79 billion, a price-to-earnings ratio of 133.29, a PEG ratio of 2.01 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $116.00 and a 1 year high of $227.30. The business has a fifty day moving average of $154.44 and a 200 day moving average of $155.57.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the firm earned $0.53 EPS. The business’s revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Profile

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.