Bank of New York Mellon Corp Acquires 131,052 Shares of Advanced Micro Devices, Inc. $AMD

Bank of New York Mellon Corp grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,006,634 shares of the semiconductor manufacturer’s stock after buying an additional 131,052 shares during the quarter. Bank of New York Mellon Corp owned 0.62% of Advanced Micro Devices worth $1,618,973,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC grew its stake in shares of Advanced Micro Devices by 39.7% in the 3rd quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 46 shares during the period. Pinney & Scofield Inc. grew its position in Advanced Micro Devices by 81.0% in the second quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock valued at $27,000 after acquiring an additional 85 shares during the period. Dogwood Wealth Management LLC raised its stake in Advanced Micro Devices by 2,311.1% during the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock worth $30,000 after acquiring an additional 208 shares in the last quarter. Avion Wealth lifted its holdings in shares of Advanced Micro Devices by 49.3% during the second quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after acquiring an additional 72 shares during the period. Finally, Evolution Wealth Management Inc. bought a new position in shares of Advanced Micro Devices during the second quarter valued at $34,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total value of $4,461,246.50. Following the transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,442 shares of the company’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $234.42, for a total transaction of $572,453.64. Following the sale, the senior vice president owned 16,359 shares of the company’s stock, valued at $3,834,876.78. The trade was a 12.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,000 shares of company stock worth $36,034,173 over the last quarter. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices News Summary

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

Advanced Micro Devices Stock Up 0.3%

Shares of AMD opened at $252.03 on Wednesday. The business’s fifty day moving average price is $219.31 and its two-hundred day moving average price is $200.79. The firm has a market capitalization of $410.31 billion, a price-to-earnings ratio of 124.77, a PEG ratio of 1.05 and a beta of 1.95. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings results 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 for 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%.The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 12th. Wedbush reiterated an “outperform” rating and issued a $290.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. China Renaissance began coverage on Advanced Micro Devices in a research report on Tuesday, January 13th. They set a “buy” rating and a $291.00 price target on the stock. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price target for the company in a report on Wednesday, October 8th. Finally, Loop Capital set a $290.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $281.06.

Get Our Latest Stock Analysis on Advanced Micro Devices

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

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

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