Avestar Capital LLC Has $2.50 Million Stock Holdings in Advanced Micro Devices, Inc. $AMD

Avestar Capital LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,589 shares of the semiconductor manufacturer’s stock after buying an additional 3,850 shares during the period. Avestar Capital LLC’s holdings in Advanced Micro Devices were worth $2,496,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. StoneX Group Inc. raised its stake in shares of Advanced Micro Devices by 33.6% in the second quarter. StoneX Group Inc. now owns 15,598 shares of the semiconductor manufacturer’s stock worth $2,213,000 after acquiring an additional 3,927 shares during the last quarter. Vance Wealth LLC acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at approximately $207,000. Seaview Investment Managers LLC raised its position in Advanced Micro Devices by 2,823.5% in the 2nd quarter. Seaview Investment Managers LLC now owns 96,036 shares of the semiconductor manufacturer’s stock worth $13,628,000 after purchasing an additional 92,751 shares during the last quarter. Flow Traders U.S. LLC lifted its holdings in Advanced Micro Devices by 146.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 12,249 shares of the semiconductor manufacturer’s stock worth $1,738,000 after buying an additional 7,270 shares in the last quarter. Finally, SageView Advisory Group LLC boosted its position in Advanced Micro Devices by 42.2% in the 2nd quarter. SageView Advisory Group LLC now owns 9,027 shares of the semiconductor manufacturer’s stock valued at $1,281,000 after buying an additional 2,677 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.9%

NASDAQ AMD opened at $217.97 on Friday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. The firm has a market cap of $354.86 billion, a P/E ratio of 107.91, a P/E/G ratio of 1.60 and a beta of 1.93. The stock’s 50-day moving average is $225.61 and its 200-day moving average is $175.37.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. The business had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.Advanced Micro Devices’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMD has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. CICC Research raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective for the company in a report on Friday, November 7th. Loop Capital set a $290.00 target price on shares of Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, November 5th. Bank of America reiterated a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Finally, Citigroup increased their price objective on shares of Advanced Micro Devices from $215.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.54.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. This represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares in the company, valued at $2,041,548.33. This represents a 24.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 75,676 shares of company stock valued at $16,124,589 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

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.