Credit Suisse AG raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,866,237 shares of the semiconductor manufacturer’s stock after purchasing an additional 329,121 shares during the quarter. Credit Suisse AG owned about 0.18% of Advanced Micro Devices worth $326,493,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of AMD. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in Advanced Micro Devices by 336.0% in the 2nd quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 218 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 168 shares in the last quarter. Tucker Asset Management LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at approximately $31,000. Dividend Assets Capital LLC acquired a new stake in Advanced Micro Devices in the second quarter valued at $35,000. Private Ocean LLC increased its position in shares of Advanced Micro Devices by 357.1% in the 2nd quarter. Private Ocean LLC now owns 320 shares of the semiconductor manufacturer’s stock worth $36,000 after purchasing an additional 250 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its stake in shares of Advanced Micro Devices by 112.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 68.43% of the company’s stock.
Advanced Micro Devices Trading Down 0.6 %
Shares of AMD stock traded down $0.68 during trading hours on Tuesday, reaching $121.97. 18,289,351 shares of the stock traded hands, compared to its average volume of 61,521,902. The business has a fifty day moving average price of $107.45 and a 200 day moving average price of $110.51. Advanced Micro Devices, Inc. has a 1-year low of $60.05 and a 1-year high of $132.83. The company has a quick ratio of 1.61, a current ratio of 2.19 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $195.15 billion, a PE ratio of 1,014.67, a PEG ratio of 6.51 and a beta of 1.66.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its earnings results on Tuesday, October 31st. The semiconductor manufacturer reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The company had revenue of $5.80 billion during the quarter, compared to analyst estimates of $5.70 billion. Advanced Micro Devices had a return on equity of 5.61% and a net margin of 0.94%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 1.92 EPS for the current year.
Insider Activity
In other Advanced Micro Devices news, CEO Lisa T. Su sold 75,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total transaction of $7,905,000.00. Following the completion of the sale, the chief executive officer now owns 3,358,721 shares of the company’s stock, valued at approximately $354,009,193.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Paul Darren Grasby sold 14,942 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $106.21, for a total value of $1,586,989.82. Following the completion of the sale, the executive vice president now directly owns 103,663 shares in the company, valued at $11,010,047.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lisa T. Su sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $105.40, for a total value of $7,905,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,358,721 shares in the company, valued at $354,009,193.40. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
AMD has been the topic of several research reports. Wedbush cut their price objective on Advanced Micro Devices from $155.00 to $130.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 1st. Susquehanna raised their price target on shares of Advanced Micro Devices from $135.00 to $145.00 and gave the stock a “positive” rating in a research report on Wednesday, August 2nd. Truist Financial dropped their price objective on shares of Advanced Micro Devices from $128.00 to $98.00 and set a “hold” rating on the stock in a research note on Wednesday, November 1st. Citigroup upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and increased their price target for the stock from $120.00 to $136.00 in a research report on Wednesday, August 2nd. Finally, Morgan Stanley dropped their target price on Advanced Micro Devices from $138.00 to $128.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $134.77.
View Our Latest Analysis on AMD
Advanced Micro Devices Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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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