Sigma Planning Corp Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sigma Planning Corp boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% in the 3rd quarter, Holdings Channel reports. The firm owned 36,787 shares of the semiconductor manufacturer’s stock after acquiring an additional 799 shares during the quarter. Sigma Planning Corp’s holdings in Advanced Micro Devices were worth $6,036,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. 17 Capital Partners LLC grew its position in shares of Advanced Micro Devices by 24.6% during the 3rd quarter. 17 Capital Partners LLC now owns 3,015 shares of the semiconductor manufacturer’s stock valued at $495,000 after purchasing an additional 595 shares in the last quarter. Privium Fund Management B.V. raised its position in shares of Advanced Micro Devices by 18.9% in the third quarter. Privium Fund Management B.V. now owns 44,000 shares of the semiconductor manufacturer’s stock worth $7,225,000 after buying an additional 7,000 shares in the last quarter. Mach 1 Financial Group LLC bought a new stake in Advanced Micro Devices during the third quarter valued at $238,000. Sustainable Insight Capital Management LLC grew its position in Advanced Micro Devices by 121.1% during the third quarter. Sustainable Insight Capital Management LLC now owns 2,739 shares of the semiconductor manufacturer’s stock worth $449,000 after buying an additional 1,500 shares in the last quarter. Finally, GSG Advisors LLC bought a new position in Advanced Micro Devices in the 3rd quarter worth about $516,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the 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 completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of research analyst reports. Bank of America reiterated a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. UBS Group cut their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Finally, Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $147.95 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm’s fifty day simple moving average is $154.44 and its 200 day simple moving average is $155.52. The stock has a market cap of $240.09 billion, a P/E ratio of 133.29, a price-to-earnings-growth ratio of 2.01 and a beta of 1.71. Advanced Micro Devices, Inc. has a twelve month low of $113.06 and a twelve month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) 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 company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

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.