Sargent Investment Group LLC Buys 2,626 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sargent Investment Group LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 83.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,767 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,626 shares during the quarter. Sargent Investment Group LLC’s holdings in Advanced Micro Devices were worth $946,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Creative Capital Management Investments LLC grew its holdings in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC boosted its holdings in shares of Advanced Micro Devices by 90.4% in the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the period. Morton Brown Family Wealth LLC grew its position in shares of Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares in the last quarter. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices during the 2nd quarter worth about $27,000. Finally, Semmax Financial Advisors Inc. boosted its position in shares of Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 139 shares during the period. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was 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 owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD traded up $0.32 during mid-day trading on Thursday, hitting $139.62. The company’s stock had a trading volume of 12,133,680 shares, compared to its average volume of 55,574,188. The firm has a market capitalization of $226.58 billion, a P/E ratio of 126.08, a P/E/G ratio of 1.99 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. The firm has a 50-day simple moving average of $154.52 and a 200 day simple moving average of $155.31. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. 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 research report on Wednesday, October 30th. Roth Mkm reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Bank of America restated a “buy” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Robert W. Baird dropped their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Benchmark reaffirmed a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.