Mayfair Advisory Group LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,232 shares of the semiconductor manufacturer’s stock, valued at approximately $175,000.
Several other large investors also recently modified their holdings of AMD. Wise Wealth Partners bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth $343,000. Waterfront Wealth Inc. acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $1,145,000. Parisi Gray Wealth Management acquired a new position in Advanced Micro Devices during the 2nd quarter worth approximately $343,000. Global Retirement Partners LLC acquired a new position in Advanced Micro Devices during the 2nd quarter worth approximately $4,519,000. Finally, Cornercap Investment Counsel Inc. lifted its stake in Advanced Micro Devices by 43.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock valued at $1,738,000 after purchasing an additional 3,702 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Stock Performance
Shares of AMD stock opened at $214.24 on Thursday. The stock has a market capitalization of $348.79 billion, a PE ratio of 123.13, a PEG ratio of 2.42 and a beta of 1.93. The business’s 50 day simple moving average is $217.60 and its 200 day simple moving average is $170.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08.
Insider Activity at Advanced Micro Devices
In related news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the sale, the executive vice president owned 300,348 shares of the company’s stock, valued at $68,890,820.76. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 17,108 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the transaction, the executive vice president owned 1,714,505 shares in the company, valued at $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 75,676 shares of company stock worth $16,124,589 over the last quarter. Company insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on AMD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Micro Devices in a research note on Tuesday. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on Advanced Micro Devices and gave the stock a “hold” rating in a research report on Tuesday, October 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Sanford C. Bernstein reissued a “market perform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Finally, Wedbush restated an “outperform” rating and set a $290.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.54.
Read Our Latest Stock Report on Advanced Micro Devices
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.
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