Daymark Wealth Partners LLC Buys 21,301 Shares of Advanced Micro Devices, Inc. $AMD

Daymark Wealth Partners LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 56.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,316 shares of the semiconductor manufacturer’s stock after purchasing an additional 21,301 shares during the period. Daymark Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $9,597,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Centennial Wealth Advisory LLC boosted its position in Advanced Micro Devices by 16.0% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 2,553 shares of the semiconductor manufacturer’s stock valued at $413,000 after acquiring an additional 353 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Advanced Micro Devices by 4.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 657,578 shares of the semiconductor manufacturer’s stock worth $106,389,000 after acquiring an additional 27,044 shares in the last quarter. Sandy Cove Advisors LLC lifted its stake in shares of Advanced Micro Devices by 3.9% in the 3rd quarter. Sandy Cove Advisors LLC now owns 5,681 shares of the semiconductor manufacturer’s stock valued at $919,000 after purchasing an additional 211 shares during the period. Stanley Laman Group Ltd. bought a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $6,192,000. Finally, West Paces Advisors Inc. purchased a new stake in Advanced Micro Devices in the third quarter worth $216,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 4.3%

NASDAQ:AMD opened at $223.47 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. The firm has a market cap of $363.82 billion, a P/E ratio of 110.63, a P/E/G ratio of 0.95 and a beta of 1.95. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08. The firm has a 50-day simple moving average of $226.12 and a two-hundred day simple moving average of $189.89.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMD. The Goldman Sachs Group raised their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Melius Research set a $380.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Mizuho lifted their price target on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Wolfe Research set a $300.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Cowen reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, December 2nd. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $277.06.

Read Our Latest Report on Advanced Micro Devices

More Advanced Micro Devices News

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Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value of $4,461,246.50. Following the completion of the transaction, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. The trade was a 6.08% 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 125,000 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the transaction, the chief executive officer directly owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 178,358 shares of company stock valued at $39,229,623. 0.06% of the stock is owned by corporate insiders.

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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