Dnca Finance Boosts Holdings in Advanced Micro Devices, Inc. $AMD

Dnca Finance increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 73.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,800 shares of the semiconductor manufacturer’s stock after purchasing an additional 24,000 shares during the quarter. Dnca Finance’s holdings in Advanced Micro Devices were worth $8,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AMD. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $3,094,662,000. Kingstone Capital Partners Texas LLC bought a new position in Advanced Micro Devices in the second quarter worth about $958,422,000. T. Rowe Price Investment Management Inc. grew its stake in Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after buying an additional 5,915,185 shares during the last quarter. Nuveen LLC bought a new position in shares of Advanced Micro Devices during the first quarter worth about $436,746,000. Finally, Parnassus Investments LLC lifted its position in Advanced Micro Devices by 47,883.5% in the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after purchasing an additional 4,133,785 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Bank of America reaffirmed a “buy” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Roth Capital reiterated a “buy” rating and set a $300.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a research report on Wednesday, October 8th. TD Cowen boosted their target price on Advanced Micro Devices from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Wedbush restated an “outperform” rating and set a $290.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.54.

Advanced Micro Devices Trading Up 0.9%

AMD stock opened at $217.97 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $225.61 and its 200-day moving average is $175.80. The firm has a market cap of $354.86 billion, a P/E ratio of 107.91, a P/E/G ratio of 1.61 and a beta of 1.93.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter last year, the company earned $0.92 EPS. Advanced Micro Devices’s revenue was up 35.6% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the sale, the executive vice president directly owned 300,348 shares in the company, valued at $68,890,820.76. This represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 75,676 shares of company stock worth $16,124,589. Corporate insiders own 0.06% of the company’s stock.

About Advanced Micro Devices

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.