Advanced Micro Devices, Inc. $AMD Holdings Raised by Red Spruce Capital LLC

Red Spruce Capital LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 124.8% during the third quarter, HoldingsChannel reports. The firm owned 5,036 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,796 shares during the period. Red Spruce Capital LLC’s holdings in Advanced Micro Devices were worth $815,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Pinney & Scofield Inc. raised its holdings in shares of Advanced Micro Devices by 81.0% during the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares during the period. Dogwood Wealth Management LLC boosted its stake in Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares during the period. Avion Wealth grew its position in Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares in the last quarter. West Branch Capital LLC raised its stake in Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 214 shares during the period. Finally, Evolution Wealth Management Inc. purchased a new stake in shares of Advanced Micro Devices in the second quarter valued at $34,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Benchmark lifted their price target on Advanced Micro Devices from $270.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Piper Sandler reaffirmed an “overweight” rating and set a $280.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Raymond James Financial initiated coverage on shares of Advanced Micro Devices in a research report on Thursday, November 20th. They issued an “outperform” rating and a $377.00 price target for the company. Finally, Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Insider Activity

In other news, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares in the company, valued at approximately $68,890,820.76. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 183,476 shares of company stock valued at $40,249,093 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $207.58 on Tuesday. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $337.95 billion, a PE ratio of 102.76, a price-to-earnings-growth ratio of 1.56 and a beta of 1.93. The company has a 50 day moving average price of $231.19 and a two-hundred day moving average price of $180.70. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion for the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the prior year, the business posted $0.92 EPS. Advanced Micro Devices’s quarterly revenue was up 35.6% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal 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.