Cobblestone Capital Advisors LLC NY Buys 430 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cobblestone Capital Advisors LLC NY boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,365 shares of the semiconductor manufacturer’s stock after purchasing an additional 430 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Advanced Micro Devices were worth $552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Massmutual Trust Co. FSB ADV lifted its position in shares of Advanced Micro Devices by 18.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 4,750 shares of the semiconductor manufacturer’s stock worth $770,000 after purchasing an additional 733 shares during the last quarter. Mather Group LLC. boosted its position in shares of Advanced Micro Devices by 57.0% in the second quarter. Mather Group LLC. now owns 14,402 shares of the semiconductor manufacturer’s stock valued at $2,336,000 after acquiring an additional 5,226 shares during the period. Fragasso Financial Advisors Inc grew its stake in shares of Advanced Micro Devices by 25.5% in the second quarter. Fragasso Financial Advisors Inc now owns 1,585 shares of the semiconductor manufacturer’s stock worth $257,000 after acquiring an additional 322 shares during the last quarter. Trust Co. of Vermont increased its position in Advanced Micro Devices by 28.6% during the second quarter. Trust Co. of Vermont now owns 4,546 shares of the semiconductor manufacturer’s stock worth $737,000 after acquiring an additional 1,012 shares during the period. Finally, Lynx Investment Advisory acquired a new position in Advanced Micro Devices during the 2nd quarter valued at $199,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMD shares. Bank of America restated a “buy” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Edward Jones began coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Piper Sandler restated an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, Citigroup reduced their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Up 0.7 %

NASDAQ:AMD opened at $137.18 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The company has a market cap of $222.62 billion, a price-to-earnings ratio of 123.59, a P/E/G ratio of 1.89 and a beta of 1.71. The stock’s fifty day moving average price is $152.16 and its two-hundred day moving average price is $154.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

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.