Octavia Wealth Advisors LLC Lowers Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Octavia Wealth Advisors LLC lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,694 shares of the semiconductor manufacturer’s stock after selling 410 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AMD. Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock worth $26,133,989,000 after acquiring an additional 2,349,288 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Advanced Micro Devices by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer’s stock valued at $4,177,338,000 after buying an additional 570,035 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Advanced Micro Devices by 2.6% during the 4th quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer’s stock valued at $2,832,961,000 after buying an additional 478,718 shares in the last quarter. Legal & General Group Plc lifted its holdings in Advanced Micro Devices by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 13,310,158 shares of the semiconductor manufacturer’s stock valued at $2,159,039,000 after buying an additional 188,580 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Advanced Micro Devices by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer’s stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $167.89 on Friday. The business’s 50-day moving average price is $151.34 and its 200 day moving average price is $157.72. The firm has a market cap of $271.73 billion, a P/E ratio of 204.75, a PEG ratio of 2.33 and a beta of 1.70. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a quick ratio of 2.01, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company posted $0.40 EPS. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AMD shares. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Truist Financial lowered their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Finally, Bank of America reissued a “buy” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.