Wealthstream Advisors Inc. Buys 103 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wealthstream Advisors Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,406 shares of the semiconductor manufacturer’s stock after acquiring an additional 103 shares during the period. Wealthstream Advisors Inc.’s holdings in Advanced Micro Devices were worth $231,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Quantbot Technologies LP bought a new position in Advanced Micro Devices during the 1st quarter worth about $331,000. TBH Global Asset Management LLC purchased a new stake in shares of Advanced Micro Devices in the 1st quarter worth approximately $260,000. Kingsview Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 1.4% during the first quarter. Kingsview Wealth Management LLC now owns 19,637 shares of the semiconductor manufacturer’s stock valued at $3,544,000 after purchasing an additional 266 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in Advanced Micro Devices by 4.5% during the first quarter. HBK Sorce Advisory LLC now owns 11,211 shares of the semiconductor manufacturer’s stock valued at $2,023,000 after buying an additional 479 shares during the period. Finally, Blair William & Co. IL boosted its position in Advanced Micro Devices by 7.8% during the 1st quarter. Blair William & Co. IL now owns 222,081 shares of the semiconductor manufacturer’s stock valued at $40,083,000 after acquiring an additional 16,033 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AMD shares. BNP Paribas upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. TD Cowen lowered their target price on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Susquehanna restated a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $192.79.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the 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 of the company’s stock, valued at $41,558,469.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $139.30 on Thursday. The stock has a 50 day moving average of $154.52 and a two-hundred day moving average of $155.31. Advanced Micro Devices, Inc. has a 12 month low of $116.37 and a 12 month high of $227.30. The firm has a market cap of $226.06 billion, a P/E ratio of 125.50, a price-to-earnings-growth ratio of 1.99 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

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.