Tcfg Wealth Management LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 12.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,749 shares of the semiconductor manufacturer’s stock after buying an additional 985 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Advanced Micro Devices were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Advanced Micro Devices by 277.8% in the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 200 shares during the period. American Capital Advisory LLC grew its stake in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 130 shares during the last quarter. Kozak & Associates Inc. increased its holdings in Advanced Micro Devices by 67.6% during the 1st quarter. Kozak & Associates Inc. now owns 305 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 123 shares during the period. Dogwood Wealth Management LLC raised its position in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. Finally, West Branch Capital LLC lifted its holdings in Advanced Micro Devices by 3,057.1% in the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 214 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Up 23.7%
Shares of Advanced Micro Devices stock opened at $203.71 on Tuesday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $226.71. The firm has a market cap of $330.59 billion, a price-to-earnings ratio of 117.07, a PEG ratio of 1.94 and a beta of 1.90. The company has a 50-day moving average of $166.54 and a 200 day moving average of $134.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on AMD shares. Roth Capital set a $250.00 target price on Advanced Micro Devices and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $120.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Advanced Micro Devices in a report on Saturday, September 27th. Wedbush reaffirmed a “cautious” rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Finally, Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price target on the stock in a research report on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.30.
Get Our Latest Stock Report on AMD
Insider Buying and Selling
In other news, EVP Paul Darren Grasby sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 225,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the transaction, the chief executive officer owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 272,448 shares of company stock worth $44,554,848 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.
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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