WealthPLAN Partners LLC Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

WealthPLAN Partners LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,656 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,824 shares during the period. WealthPLAN Partners LLC’s holdings in Advanced Micro Devices were worth $1,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First National Trust Co lifted its stake in Advanced Micro Devices by 3.8% in the 3rd quarter. First National Trust Co now owns 37,125 shares of the semiconductor manufacturer’s stock worth $6,091,000 after purchasing an additional 1,343 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Advanced Micro Devices in the third quarter worth about $870,000. Waverton Investment Management Ltd boosted its stake in Advanced Micro Devices by 5.4% during the third quarter. Waverton Investment Management Ltd now owns 1,465,108 shares of the semiconductor manufacturer’s stock valued at $240,424,000 after buying an additional 74,598 shares during the last quarter. Entropy Technologies LP purchased a new position in Advanced Micro Devices during the 3rd quarter valued at approximately $1,775,000. Finally, Apollon Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 3.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 69,414 shares of the semiconductor manufacturer’s stock worth $11,389,000 after acquiring an additional 2,348 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Advanced Micro Devices Stock Performance

AMD stock opened at $147.35 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 1-year low of $116.00 and a 1-year high of $227.30. The business has a 50-day moving average price of $154.44 and a 200 day moving average price of $155.57. The company has a market capitalization of $239.12 billion, a P/E ratio of 132.75, a PEG ratio of 2.05 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share 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 firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMD shares. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Bank of America restated a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Edward Jones began coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating for the company. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Truist Financial dropped their target price on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. One 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.