Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.6% during the third quarter, HoldingsChannel reports. The fund owned 75,681 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,012 shares during the quarter. Captrust Financial Advisors’ holdings in Advanced Micro Devices were worth $12,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AMD. Creative Capital Management Investments LLC boosted its position in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares in the last quarter. ZRC Wealth Management LLC boosted its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC grew its position in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after buying an additional 85 shares during the period. Fairway Wealth LLC purchased a new position in Advanced Micro Devices in the second quarter valued at about $27,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at approximately $35,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 0.7 %

Shares of NASDAQ:AMD opened at $137.18 on Monday. The company has a market capitalization of $222.62 billion, a price-to-earnings ratio of 123.59, a price-to-earnings-growth ratio of 1.89 and a beta of 1.71. The company has a 50 day moving average of $152.16 and a two-hundred day moving average of $154.03. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate 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 revenue was up 17.6% on a year-over-year basis. During the same period last year, the firm earned $0.53 earnings per share. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction 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 directly owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Edward Jones initiated coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating on the stock. Barclays dropped their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. Piper Sandler restated an “overweight” rating and set a $180.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, Evercore ISI upped their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. One investment 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 issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Company 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.