Nwam LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nwam LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 39,806 shares of the semiconductor manufacturer’s stock, valued at approximately $6,531,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC increased its stake in Advanced Micro Devices by 81.9% in the 1st quarter. EntryPoint Capital LLC now owns 342 shares of the semiconductor manufacturer’s stock worth $62,000 after acquiring an additional 154 shares during the last quarter. Linscomb Wealth Inc. increased its position in shares of Advanced Micro Devices by 8.6% in the first quarter. Linscomb Wealth Inc. now owns 13,115 shares of the semiconductor manufacturer’s stock worth $2,367,000 after purchasing an additional 1,042 shares during the last quarter. 1832 Asset Management L.P. raised its stake in Advanced Micro Devices by 70.6% in the first quarter. 1832 Asset Management L.P. now owns 137,102 shares of the semiconductor manufacturer’s stock valued at $24,746,000 after purchasing an additional 56,736 shares in the last quarter. LRI Investments LLC bought a new stake in Advanced Micro Devices during the first quarter valued at approximately $338,000. Finally, Steel Grove Capital Advisors LLC purchased a new position in Advanced Micro Devices in the 1st quarter worth approximately $273,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $180.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Truist Financial cut their price objective 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. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Edward Jones started coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating for the company. Finally, UBS Group reduced their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $192.79.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated 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 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 SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’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 sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. 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

AMD opened at $138.34 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $116.37 and a 12-month high of $227.30. The company has a market cap of $224.50 billion, a price-to-earnings ratio of 123.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $153.95 and a two-hundred day simple moving average of $154.70.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $6.71 billion. During the same period last year, the company posted $0.53 EPS. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. Research analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

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.