Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Boosted by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 4.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 111,797 shares of the semiconductor manufacturer’s stock after buying an additional 5,182 shares during the period. Assetmark Inc.’s holdings in Advanced Micro Devices were worth $7,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. Buckingham Strategic Wealth LLC increased its stake in shares of Advanced Micro Devices by 69.8% in the third quarter. Buckingham Strategic Wealth LLC now owns 5,644 shares of the semiconductor manufacturer’s stock valued at $358,000 after purchasing an additional 2,320 shares during the period. SouthState Corp increased its stake in shares of Advanced Micro Devices by 128.1% in the fourth quarter. SouthState Corp now owns 885 shares of the semiconductor manufacturer’s stock valued at $57,000 after purchasing an additional 497 shares during the period. Redwood Investment Management LLC increased its stake in shares of Advanced Micro Devices by 155.1% in the third quarter. Redwood Investment Management LLC now owns 7,789 shares of the semiconductor manufacturer’s stock valued at $494,000 after purchasing an additional 4,736 shares during the period. Van ECK Associates Corp increased its stake in shares of Advanced Micro Devices by 9.6% in the fourth quarter. Van ECK Associates Corp now owns 6,079,007 shares of the semiconductor manufacturer’s stock valued at $393,737,000 after purchasing an additional 530,655 shares during the period. Finally, Glass Jacobson Investment Advisors llc acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $182,000. Institutional investors and hedge funds own 67.17% of the company’s stock.

Advanced Micro Devices Trading Up 1.4 %

Shares of NASDAQ:AMD opened at $122.05 on Friday. The firm has a fifty day moving average of $95.31 and a two-hundred day moving average of $81.58. The firm has a market capitalization of $196.54 billion, a P/E ratio of 523.26, a price-to-earnings-growth ratio of 8.19 and a beta of 1.94. Advanced Micro Devices, Inc. has a 12-month low of $54.57 and a 12-month high of $123.10. The company has a quick ratio of 1.74, a current ratio of 2.38 and a debt-to-equity ratio of 0.05.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last issued its earnings results on Tuesday, May 2nd. The semiconductor manufacturer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.31 billion. Advanced Micro Devices had a net margin of 1.71% and a return on equity of 7.19%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the business posted $1.02 EPS. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMD. Susquehanna raised their price objective on shares of Advanced Micro Devices from $115.00 to $120.00 in a research note on Wednesday, May 3rd. Benchmark raised their price objective on shares of Advanced Micro Devices from $103.00 to $108.00 in a research note on Wednesday, May 3rd. Piper Sandler raised their price objective on shares of Advanced Micro Devices from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, April 10th. Raymond James lowered their price objective on shares of Advanced Micro Devices from $115.00 to $110.00 in a research note on Wednesday, May 3rd. Finally, StockNews.com began coverage on shares of Advanced Micro Devices in a research note on Thursday, May 18th. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.17.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 30,000 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $81.69, for a total transaction of $2,450,700.00. Following the transaction, the executive vice president now owns 1,516,945 shares in the company, valued at approximately $123,919,237.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Paul Darren Grasby sold 12,500 shares of Advanced Micro Devices stock in a transaction on Wednesday, April 12th. The shares were sold at an average price of $94.85, for a total value of $1,185,625.00. Following the transaction, the executive vice president now owns 95,942 shares in the company, valued at approximately $9,100,098.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 30,000 shares of the firm’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $81.69, for a total transaction of $2,450,700.00. Following the completion of the sale, the executive vice president now owns 1,516,945 shares in the company, valued at $123,919,237.05. The disclosure for this sale can be found here. Insiders sold 118,765 shares of company stock valued at $10,474,960 in the last quarter. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Profile

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.