17 Capital Partners LLC Buys 595 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

17 Capital Partners LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,015 shares of the semiconductor manufacturer’s stock after acquiring an additional 595 shares during the period. 17 Capital Partners LLC’s holdings in Advanced Micro Devices were worth $495,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMD. Quantbot Technologies LP bought a new position in Advanced Micro Devices in the 1st quarter valued at $331,000. WealthPLAN Partners LLC boosted its stake in shares of Advanced Micro Devices by 32.7% in the 1st quarter. WealthPLAN Partners LLC now owns 1,996 shares of the semiconductor manufacturer’s stock valued at $360,000 after purchasing an additional 492 shares during the last quarter. Significant Wealth Partners LLC acquired a new position in shares of Advanced Micro Devices in the 1st quarter valued at $222,000. Chilton Capital Management LLC bought a new stake in Advanced Micro Devices in the first quarter valued at about $541,000. Finally, WNY Asset Management LLC bought a new stake in Advanced Micro Devices in the first quarter valued at about $222,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMD. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Robert W. Baird cut their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Piper Sandler restated an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. TD Cowen cut their price target on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Evercore ISI increased their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Price Performance

Shares of AMD opened at $147.95 on Friday. The firm has a market capitalization of $240.09 billion, a PE ratio of 133.29, a PEG ratio of 2.01 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company’s 50-day moving average is $154.44 and its 200-day moving average is $155.52. Advanced Micro Devices, Inc. has a fifty-two week low of $113.06 and a fifty-two week high of $227.30.

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

Insider Buying and Selling

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