AG2R LA Mondiale Gestion D Actifs purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,028 shares of the semiconductor manufacturer’s stock, valued at approximately $6,647,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Seaview Investment Managers LLC boosted its stake in Advanced Micro Devices by 4.3% in the 1st quarter. Seaview Investment Managers LLC now owns 2,256 shares of the semiconductor manufacturer’s stock worth $232,000 after purchasing an additional 93 shares during the period. Activest Wealth Management grew its holdings in Advanced Micro Devices by 9.4% during the 1st quarter. Activest Wealth Management now owns 1,136 shares of the semiconductor manufacturer’s stock valued at $117,000 after buying an additional 98 shares in the last quarter. Peterson Wealth Services grew its holdings in Advanced Micro Devices by 2.9% during the 1st quarter. Peterson Wealth Services now owns 3,650 shares of the semiconductor manufacturer’s stock valued at $375,000 after buying an additional 103 shares in the last quarter. Lifeworks Advisors LLC grew its holdings in Advanced Micro Devices by 5.6% during the 1st quarter. Lifeworks Advisors LLC now owns 1,974 shares of the semiconductor manufacturer’s stock valued at $203,000 after buying an additional 104 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in Advanced Micro Devices by 29.0% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 467 shares of the semiconductor manufacturer’s stock valued at $48,000 after buying an additional 105 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.
Advanced Micro Devices Price Performance
AMD opened at $155.67 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The business’s fifty day simple moving average is $162.72 and its 200-day simple moving average is $126.75. The company has a market capitalization of $252.63 billion, a price-to-earnings ratio of 89.47, a PEG ratio of 1.88 and a beta of 1.92.
Analyst Upgrades and Downgrades
AMD has been the subject of a number of recent research reports. Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Roth Capital set a $150.00 price target on Advanced Micro Devices and gave the company a “buy” rating in a report on Friday, June 13th. Evercore ISI increased their price target on Advanced Micro Devices from $144.00 to $188.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Citigroup increased their price target on Advanced Micro Devices from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, July 18th. Finally, DZ Bank upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $165.00 price target on the stock in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $180.88.
Check Out Our Latest Research Report on AMD
Insider Transactions at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 17,998 shares of the company’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total transaction of $2,790,229.94. Following the completion of the sale, the executive vice president directly owned 1,713,710 shares in the company, valued at $265,676,461.30. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 225,000 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total value of $36,893,250.00. Following the sale, the chief executive officer owned 3,359,748 shares of the company’s stock, valued at $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 252,998 shares of company stock valued at $41,415,580. 0.06% of the stock is currently owned by corporate insiders.
About Advanced Micro Devices
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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