CreativeOne Wealth LLC Has $3.23 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

CreativeOne Wealth LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,664 shares of the semiconductor manufacturer’s stock after buying an additional 4,210 shares during the quarter. CreativeOne Wealth LLC’s holdings in Advanced Micro Devices were worth $3,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Glenmede Trust Co. NA lifted its stake in shares of Advanced Micro Devices by 2.5% in the third quarter. Glenmede Trust Co. NA now owns 39,597 shares of the semiconductor manufacturer’s stock worth $6,497,000 after buying an additional 954 shares during the last quarter. Bridgewater Associates LP lifted its stake in shares of Advanced Micro Devices by 33.1% in the third quarter. Bridgewater Associates LP now owns 1,464,077 shares of the semiconductor manufacturer’s stock worth $240,226,000 after buying an additional 364,292 shares during the last quarter. Freedom Investment Management Inc. lifted its stake in shares of Advanced Micro Devices by 10.5% in the third quarter. Freedom Investment Management Inc. now owns 9,844 shares of the semiconductor manufacturer’s stock worth $1,615,000 after buying an additional 939 shares during the last quarter. Cynosure Group LLC lifted its stake in shares of Advanced Micro Devices by 12.5% in the third quarter. Cynosure Group LLC now owns 3,131 shares of the semiconductor manufacturer’s stock worth $514,000 after buying an additional 347 shares during the last quarter. Finally, RS Crum Inc. lifted its stake in shares of Advanced Micro Devices by 5.8% in the third quarter. RS Crum Inc. now owns 2,650 shares of the semiconductor manufacturer’s stock worth $435,000 after buying an additional 145 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. 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 Advanced Micro Devices stock in a transaction that occurred 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 $41,558,469.49. The trade was a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMD shares. Morgan Stanley dropped their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Evercore ISI boosted their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, Citigroup dropped their target price on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Down 1.1 %

Shares of NASDAQ AMD opened at $136.24 on Thursday. The firm’s 50-day simple moving average is $152.94 and its 200 day simple moving average is $154.28. The company has a market cap of $221.09 billion, a price-to-earnings ratio of 122.74, a price-to-earnings-growth ratio of 1.95 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 12-month low of $116.37 and a 12-month high of $227.30.

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, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 EPS. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

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.