38,274 Shares in Advanced Micro Devices, Inc. $AMD Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 38,274 shares of the semiconductor manufacturer’s stock, valued at approximately $6,192,000. Advanced Micro Devices makes up 0.9% of Stanley Laman Group Ltd.’s holdings, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Pinney & Scofield Inc. grew its position in shares of Advanced Micro Devices by 81.0% during the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares in the last quarter. Dogwood Wealth Management LLC lifted its holdings in Advanced Micro Devices by 2,311.1% in the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Avion Wealth boosted its stake in Advanced Micro Devices by 49.3% in the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock worth $30,000 after purchasing an additional 72 shares during the period. West Branch Capital LLC grew its holdings in Advanced Micro Devices by 3,057.1% during the 2nd quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 214 shares in the last quarter. Finally, Evolution Wealth Management Inc. purchased a new stake in Advanced Micro Devices during the 2nd quarter valued at approximately $34,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Up 4.3%

Shares of NASDAQ AMD opened at $223.47 on Monday. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08. The firm’s 50-day moving average price is $226.12 and its 200-day moving average price is $189.89. The stock has a market capitalization of $363.82 billion, a price-to-earnings ratio of 110.63, a P/E/G ratio of 0.95 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share 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 company had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,108 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the sale, the executive vice president owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. This represents a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the sale, the chief executive officer owned 3,277,476 shares of the company’s stock, valued at approximately $705,116,186.64. This represents a 3.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 178,358 shares of company stock worth $39,229,623. Company insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMD shares. HSBC boosted their target price on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Loop Capital set a $290.00 price target on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Benchmark increased their price objective on shares of Advanced Micro Devices from $270.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Morgan Stanley restated an “equal weight” rating and set a $260.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Finally, Melius Research set a $380.00 target price on Advanced Micro Devices in a research report 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 company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $277.06.

Read Our Latest Stock Analysis on AMD

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

About Advanced Micro Devices

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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