Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Perfromance Wealth Partners LLC

by · The Cerbat Gem

Perfromance Wealth Partners LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,663 shares of the semiconductor manufacturer’s stock after buying an additional 107 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $2,734,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMD. First Affirmative Financial Network raised its stake in Advanced Micro Devices by 30.3% during the third quarter. First Affirmative Financial Network now owns 3,880 shares of the semiconductor manufacturer’s stock worth $637,000 after purchasing an additional 902 shares during the period. RFG Holdings Inc. raised its holdings in Advanced Micro Devices by 13.1% in the third quarter. RFG Holdings Inc. now owns 3,935 shares of the semiconductor manufacturer’s stock valued at $646,000 after buying an additional 456 shares during the period. Valeo Financial Advisors LLC grew its stake in Advanced Micro Devices by 2.4% during the third quarter. Valeo Financial Advisors LLC now owns 20,959 shares of the semiconductor manufacturer’s stock worth $3,439,000 after buying an additional 483 shares during the period. Arbor Wealth Advisors LLC purchased a new stake in Advanced Micro Devices during the third quarter worth approximately $250,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Advanced Micro Devices by 54.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 65,891 shares of the semiconductor manufacturer’s stock worth $10,811,000 after acquiring an additional 23,191 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Up 2.3 %

AMD stock traded up $3.71 during midday trading on Friday, reaching $167.89. The company had a trading volume of 42,136,175 shares, compared to its average volume of 58,067,195. The company has a 50 day moving average of $151.34 and a two-hundred day moving average of $157.72. The company has a market capitalization 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 1 year low of $93.11 and a 1 year high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Roth Mkm restated a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Friday. Edward Jones started coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating for the company. Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. KeyCorp cut their target price on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

View Our Latest Research Report on Advanced Micro Devices

About Advanced Micro Devices

(Free Report)

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.

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