Nicolet Advisory Services LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nicolet Advisory Services LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,644 shares of the semiconductor manufacturer’s stock after buying an additional 957 shares during the period. Nicolet Advisory Services LLC’s holdings in Advanced Micro Devices were worth $919,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AMD. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 86 shares during the last quarter. ZRC Wealth Management LLC raised its position in Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares during the period. Morton Brown Family Wealth LLC lifted its stake in Advanced Micro Devices by 94.4% in the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares during the last quarter. Fairway Wealth LLC purchased a new stake in Advanced Micro Devices during the second quarter valued at about $27,000. Finally, Semmax Financial Advisors Inc. grew its stake in shares of Advanced Micro Devices by 926.7% during the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock valued at $28,000 after buying an additional 139 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.6 %

Shares of NASDAQ AMD opened at $138.35 on Friday. The company has a market cap of $224.52 billion, a PE ratio of 124.64, a P/E/G ratio of 1.93 and a beta of 1.71. 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 firm’s 50 day moving average price is $153.67 and its 200-day moving average price is $154.58. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AMD shares. Morgan Stanley lowered their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Evercore ISI increased their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Monday, October 28th. One 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 given a strong buy rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now 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 ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

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.