CreativeOne Wealth LLC Purchases 4,210 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CreativeOne Wealth LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,664 shares of the semiconductor manufacturer’s stock after acquiring an additional 4,210 shares during the quarter. CreativeOne Wealth LLC’s holdings in Advanced Micro Devices were worth $3,226,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Glenmede Trust Co. NA raised its holdings in Advanced Micro Devices by 2.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 39,597 shares of the semiconductor manufacturer’s stock worth $6,497,000 after buying an additional 954 shares during the period. Bridgewater Associates LP raised its holdings in Advanced Micro Devices by 33.1% during the 3rd quarter. Bridgewater Associates LP now owns 1,464,077 shares of the semiconductor manufacturer’s stock worth $240,226,000 after buying an additional 364,292 shares during the period. Freedom Investment Management Inc. raised its holdings in Advanced Micro Devices by 10.5% during the 3rd quarter. Freedom Investment Management Inc. now owns 9,844 shares of the semiconductor manufacturer’s stock worth $1,615,000 after buying an additional 939 shares during the period. Cynosure Group LLC raised its holdings in Advanced Micro Devices by 12.5% during the 3rd quarter. Cynosure Group LLC now owns 3,131 shares of the semiconductor manufacturer’s stock worth $514,000 after buying an additional 347 shares during the period. Finally, RS Crum Inc. raised its holdings in Advanced Micro Devices by 5.8% during the 3rd quarter. RS Crum Inc. now owns 2,650 shares of the semiconductor manufacturer’s stock worth $435,000 after buying an additional 145 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 1.1 %

Shares of Advanced Micro Devices stock opened at $136.24 on Thursday. The firm has a 50-day moving average of $152.94 and a 200-day moving average of $154.28. The stock has a market cap of $221.09 billion, a PE ratio of 122.74, a PEG ratio of 1.95 and a beta of 1.71. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its 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. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research analyst reports. Bank of America restated a “buy” rating and set a $180.00 target price on shares of Advanced Micro Devices in a report on Thursday, October 3rd. Robert W. Baird lowered their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. One equities research 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s 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 completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.

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.