Wrapmanager Inc. Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wrapmanager Inc. raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,550 shares of the semiconductor manufacturer’s stock after buying an additional 527 shares during the period. Wrapmanager Inc.’s holdings in Advanced Micro Devices were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. BIP Wealth LLC purchased a new position in Advanced Micro Devices in the third quarter valued at $256,000. Prospera Financial Services Inc boosted its holdings in Advanced Micro Devices by 50.7% in the third quarter. Prospera Financial Services Inc now owns 87,602 shares of the semiconductor manufacturer’s stock valued at $14,374,000 after purchasing an additional 29,453 shares during the period. Tranquility Partners LLC boosted its holdings in Advanced Micro Devices by 8.2% in the third quarter. Tranquility Partners LLC now owns 1,356 shares of the semiconductor manufacturer’s stock valued at $222,000 after purchasing an additional 103 shares during the period. Caprock Group LLC boosted its holdings in Advanced Micro Devices by 4.5% in the third quarter. Caprock Group LLC now owns 28,813 shares of the semiconductor manufacturer’s stock valued at $4,728,000 after purchasing an additional 1,250 shares during the period. Finally, Fortis Advisors LLC boosted its holdings in Advanced Micro Devices by 66.7% in the third quarter. Fortis Advisors LLC now owns 1,750 shares of the semiconductor manufacturer’s stock valued at $287,000 after purchasing an additional 700 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMD shares. UBS Group decreased their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $180.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Edward Jones started coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating on the stock. Robert W. Baird cut their target price on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Barclays cut their target price on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. One research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Trading Up 3.0 %

Shares of AMD opened at $138.93 on Tuesday. The stock has a fifty day moving average of $154.53 and a two-hundred day moving average of $155.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The company has a market capitalization of $225.46 billion, a PE ratio of 125.16, a price-to-earnings-growth ratio of 1.87 and a beta of 1.71. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 EPS. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the company’s 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 sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company’s stock.

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.