Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Marcum Wealth LLC

by · The Markets Daily

Marcum Wealth LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 9.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,444 shares of the semiconductor manufacturer’s stock after buying an additional 307 shares during the quarter. Marcum Wealth LLC’s holdings in Advanced Micro Devices were worth $565,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AMD. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Advanced Micro Devices by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock valued at $50,214,000 after purchasing an additional 116,020 shares in the last quarter. Chapin Davis Inc. boosted its position in shares of Advanced Micro Devices by 613.4% in the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock worth $2,213,000 after buying an additional 10,544 shares during the period. Gordian Capital Singapore Pte Ltd grew its stake in shares of Advanced Micro Devices by 77.4% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock valued at $7,237,000 after buying an additional 21,417 shares in the last quarter. St. Louis Financial Planners Asset Management LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $2,394,000. Finally, Sycomore Asset Management boosted its holdings in Advanced Micro Devices by 28.6% in the 2nd quarter. Sycomore Asset Management now owns 137,883 shares of the semiconductor manufacturer’s stock worth $21,722,000 after acquiring an additional 30,677 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD opened at $164.18 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month 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. The stock has a market cap of $265.37 billion, a PE ratio of 249.54, a price-to-earnings-growth ratio of 2.14 and a beta of 1.70. The business’s 50 day moving average is $150.00 and its 200-day moving average is $157.75.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 earnings per share. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,756 shares of the business’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 sale, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Wells Fargo & Company upped 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. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Monday. Robert W. Baird cut their price target on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their target price on Advanced Micro Devices from $176.00 to $178.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $193.45.

View Our Latest Stock Analysis on AMD

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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