Thrivent Financial for Lutherans Boosts Stock Position in Advanced Micro Devices, Inc. $AMD

Thrivent Financial for Lutherans boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,388 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,838 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Advanced Micro Devices were worth $18,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth about $4,614,000. Stance Capital LLC bought a new stake in Advanced Micro Devices during the second quarter worth approximately $1,588,000. Cim Investment Management Inc. raised its position in Advanced Micro Devices by 99.6% during the second quarter. Cim Investment Management Inc. now owns 19,441 shares of the semiconductor manufacturer’s stock valued at $2,553,000 after purchasing an additional 9,700 shares during the period. Thompson Davis & CO. Inc. bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $250,000. Finally, Coppell Advisory Solutions LLC boosted its holdings in shares of Advanced Micro Devices by 21.4% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 3,731 shares of the semiconductor manufacturer’s stock worth $537,000 after purchasing an additional 658 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $209.17 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. The stock has a market cap of $340.54 billion, a price-to-earnings ratio of 103.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.93. The firm has a 50-day moving average of $231.14 and a two-hundred day moving average of $181.40. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wolfe Research set a $300.00 price target on Advanced Micro Devices and gave the company an “outperform” rating in a report on Tuesday, October 14th. Seaport Res Ptn downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Robert W. Baird set a $300.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 5th. Morgan Stanley reiterated an “equal weight” rating and set a $260.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Three investment 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, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $277.11.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the sale, the executive vice president directly owned 1,714,505 shares in the company, valued at $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’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 completion of the sale, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This trade represents a 6.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 183,476 shares of company stock valued at $40,249,093. Company insiders own 0.06% of the company’s stock.

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.