Thrivent Financial for Lutherans Buys 34,320 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Thrivent Financial for Lutherans increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,497,376 shares of the semiconductor manufacturer’s stock after acquiring an additional 34,320 shares during the quarter. Advanced Micro Devices comprises approximately 0.5% of Thrivent Financial for Lutherans’ investment portfolio, making the stock its 26th biggest holding. Thrivent Financial for Lutherans’ holdings in Advanced Micro Devices were worth $245,690,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AMD. Jupiter Asset Management Ltd. bought a new position in shares of Advanced Micro Devices during the first quarter worth $1,215,000. Hillsdale Investment Management Inc. lifted its holdings in Advanced Micro Devices by 21.9% during the first quarter. Hillsdale Investment Management Inc. now owns 1,669 shares of the semiconductor manufacturer’s stock worth $301,000 after acquiring an additional 300 shares in the last quarter. Cynosure Group LLC acquired a new position in Advanced Micro Devices in the first quarter valued at about $400,000. Covestor Ltd increased its holdings in shares of Advanced Micro Devices by 24.3% in the first quarter. Covestor Ltd now owns 986 shares of the semiconductor manufacturer’s stock worth $178,000 after acquiring an additional 193 shares in the last quarter. Finally, Resurgent Financial Advisors LLC raised its position in shares of Advanced Micro Devices by 113.2% during the first quarter. Resurgent Financial Advisors LLC now owns 1,288 shares of the semiconductor manufacturer’s stock worth $232,000 after purchasing an additional 684 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Truist Financial lowered their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research report on Wednesday, July 31st. Susquehanna reaffirmed a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Robert W. Baird reduced their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Edward Jones began coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. One equities research 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $134.90 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30. The firm has a 50-day moving average price of $154.51 and a two-hundred day moving average price of $155.00. The company has a market capitalization of $218.92 billion, a P/E ratio of 121.53, a P/E/G ratio of 1.87 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 (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices 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 completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Company 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.