8,655 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Darwin Wealth Management LLC

Darwin Wealth Management LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,655 shares of the semiconductor manufacturer’s stock, valued at approximately $1,420,000.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Bessemer Group Inc. lifted its position in Advanced Micro Devices by 13.9% in the first quarter. Bessemer Group Inc. now owns 24,004 shares of the semiconductor manufacturer’s stock valued at $4,332,000 after purchasing an additional 2,931 shares during the period. EntryPoint Capital LLC lifted its position in Advanced Micro Devices by 81.9% in the first quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer’s stock valued at $62,000 after purchasing an additional 154 shares during the period. CreativeOne Wealth LLC lifted its position in Advanced Micro Devices by 116.3% in the first quarter. CreativeOne Wealth LLC now owns 16,120 shares of the semiconductor manufacturer’s stock valued at $2,910,000 after purchasing an additional 8,669 shares during the period. EP Wealth Advisors LLC lifted its position in Advanced Micro Devices by 9.0% in the first quarter. EP Wealth Advisors LLC now owns 45,866 shares of the semiconductor manufacturer’s stock valued at $8,278,000 after purchasing an additional 3,783 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Advanced Micro Devices by 16.2% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 53,283 shares of the semiconductor manufacturer’s stock valued at $9,617,000 after purchasing an additional 7,428 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Down 0.2 %

Shares of NASDAQ AMD opened at $139.10 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The firm has a fifty day moving average of $154.46 and a 200-day moving average of $154.95. The stock has a market capitalization of $225.73 billion, a PE ratio of 125.58, 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 announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. 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 company earned $0.53 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group reduced their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Evercore ISI lifted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Robert W. Baird reduced their price target on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.79.

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.