Violich Capital Management Inc. Purchases Shares of 13,100 Advanced Micro Devices, Inc. $AMD

Violich Capital Management Inc. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 13,100 shares of the semiconductor manufacturer’s stock, valued at approximately $2,119,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC grew its position in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after purchasing an additional 234 shares during the period. Sivia Capital Partners LLC grew its holdings in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer’s stock valued at $758,000 after buying an additional 2,970 shares in the last quarter. Perpetual Ltd acquired a new position in Advanced Micro Devices in the 2nd quarter valued at $249,000. Finally, Diversified Trust Co increased its position in Advanced Micro Devices by 201.5% during the 2nd quarter. Diversified Trust Co now owns 22,361 shares of the semiconductor manufacturer’s stock worth $3,173,000 after buying an additional 14,945 shares during the period. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AMD shares. Susquehanna restated a “positive” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 31st. CICC Research raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective for the company in a report on Friday, November 7th. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Wednesday, October 8th. Robert W. Baird set a $300.00 price target on Advanced Micro Devices in a research note on Wednesday, November 5th. Finally, Citigroup restated a “neutral” rating on shares of Advanced Micro Devices in a research note on Thursday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $276.16.

Check Out Our Latest Stock Report on AMD

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $231.83 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The stock has a market capitalization of $377.43 billion, a P/E ratio of 114.77, a price-to-earnings-growth ratio of 0.97 and a beta of 1.95. The stock has a fifty day moving average of $218.83 and a 200-day moving average of $195.49.

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

Key Stories Impacting Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the sale, the chief executive officer owned 3,277,476 shares of the company’s stock, valued at approximately $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $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. Insiders have sold 161,558 shares of company stock worth $35,461,719 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Featured Stories

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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