Princeton Capital Management LLC Has $3.50 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Princeton Capital Management LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,357 shares of the semiconductor manufacturer’s stock after buying an additional 1,729 shares during the quarter. Advanced Micro Devices comprises about 1.1% of Princeton Capital Management LLC’s portfolio, making the stock its 19th largest position. Princeton Capital Management LLC’s holdings in Advanced Micro Devices were worth $3,504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. Fifth Third Wealth Advisors LLC grew its position in Advanced Micro Devices by 16.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 37,720 shares of the semiconductor manufacturer’s stock valued at $6,189,000 after acquiring an additional 5,287 shares during the last quarter. Wrapmanager Inc. boosted its stake in shares of Advanced Micro Devices by 10.5% in the 3rd quarter. Wrapmanager Inc. now owns 5,550 shares of the semiconductor manufacturer’s stock valued at $911,000 after purchasing an additional 527 shares in the last quarter. BIP Wealth LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $256,000. Prospera Financial Services Inc increased its position in Advanced Micro Devices by 50.7% during the 3rd quarter. Prospera Financial Services Inc now owns 87,602 shares of the semiconductor manufacturer’s stock worth $14,374,000 after purchasing an additional 29,453 shares in the last quarter. Finally, Tranquility Partners LLC lifted its stake in Advanced Micro Devices by 8.2% in the 3rd quarter. Tranquility Partners LLC now owns 1,356 shares of the semiconductor manufacturer’s stock valued at $222,000 after purchasing an additional 103 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMD has been the topic of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. TD Cowen lowered their target price on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Edward Jones initiated coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. Finally, Wedbush restated an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $138.93 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The firm’s 50-day moving average price is $154.53 and its 200-day moving average price is $155.02. The firm has a market capitalization of $225.46 billion, a P/E ratio of 125.16, a P/E/G ratio of 1.87 and a beta of 1.71. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year 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, hitting the consensus estimate of $0.92. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

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.