GDS Wealth Management Acquires 5,664 Shares of Advanced Micro Devices, Inc. $AMD

GDS Wealth Management grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,906 shares of the semiconductor manufacturer’s stock after purchasing an additional 5,664 shares during the period. GDS Wealth Management’s holdings in Advanced Micro Devices were worth $14,384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BAM Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the third quarter valued at $213,000. Seelaus Asset Management LLC boosted its holdings in shares of Advanced Micro Devices by 6.0% during the 3rd quarter. Seelaus Asset Management LLC now owns 3,620 shares of the semiconductor manufacturer’s stock valued at $586,000 after acquiring an additional 205 shares during the last quarter. Trek Financial LLC grew its stake in shares of Advanced Micro Devices by 3.7% in the third quarter. Trek Financial LLC now owns 4,079 shares of the semiconductor manufacturer’s stock worth $660,000 after acquiring an additional 144 shares during the period. Acorn Wealth Advisors LLC purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $217,000. Finally, Virtue Capital Management LLC lifted its position in Advanced Micro Devices by 2.2% during the third quarter. Virtue Capital Management LLC now owns 7,856 shares of the semiconductor manufacturer’s stock valued at $1,271,000 after purchasing an additional 172 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $259.68 on Friday. The company has a market capitalization of $422.77 billion, a P/E ratio of 128.56, a P/E/G ratio of 1.08 and a beta of 1.95. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The firm’s 50 day simple moving average is $218.66 and its two-hundred day simple moving average is $198.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating 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 company’s revenue was up 35.6% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMD shares. CICC Research raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price target on the stock in a report on Friday, November 7th. Sanford C. Bernstein increased their target price on Advanced Micro Devices from $200.00 to $225.00 and gave the company a “market perform” rating in a report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday, December 29th. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $279.67.

Check Out Our Latest Analysis on Advanced Micro Devices

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Insiders Place Their Bets

In other news, 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 value of $4,461,246.50. Following the completion of the transaction, the executive vice president owned 300,348 shares of the company’s stock, valued at $68,890,820.76. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Ava Hahn sold 2,442 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $234.42, for a total value of $572,453.64. Following the sale, the senior vice president directly owned 16,359 shares in the company, valued at $3,834,876.78. This trade represents a 12.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 164,000 shares of company stock worth $36,034,173. 0.06% of the stock is currently owned by insiders.

Advanced Micro Devices Company Profile

(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.

Further Reading

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

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