Belpointe Asset Management LLC Has $2.56 Million Stock Position in Advanced Micro Devices, Inc. $AMD

Belpointe Asset Management LLC lessened its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 16.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,823 shares of the semiconductor manufacturer’s stock after selling 3,171 shares during the period. Belpointe Asset Management LLC’s holdings in Advanced Micro Devices were worth $2,560,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC grew its position 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 buying an additional 46 shares during the last quarter. Pinney & Scofield Inc. boosted its holdings 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 last quarter. Dogwood Wealth Management LLC increased its position in Advanced Micro Devices by 2,311.1% during the 2nd quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 208 shares during the period. Avion Wealth increased its position in Advanced Micro Devices by 49.3% during the 2nd quarter. Avion Wealth now owns 218 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 72 shares during the period. Finally, Evolution Wealth Management Inc. bought a new position in Advanced Micro Devices during the 2nd quarter worth approximately $34,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 0.3%

NASDAQ AMD opened at $252.03 on Wednesday. The company has a market cap of $410.31 billion, a price-to-earnings ratio of 124.77, a P/E/G 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 business has a 50 day moving average price of $219.31 and a 200-day moving average price of $200.79. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04.

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 analysts’ consensus estimates 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 last year, the business earned $0.92 EPS. Advanced Micro Devices’s quarterly revenue was up 35.6% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday, December 29th. Sanford C. Bernstein increased their price target on Advanced Micro Devices from $200.00 to $225.00 and gave the stock a “market perform” rating in a report on Wednesday, January 21st. Raymond James Financial began coverage on Advanced Micro Devices in a research note on Thursday, November 20th. They issued an “outperform” rating and a $377.00 price objective on the stock. Bank of America reaffirmed a “buy” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $281.06.

View Our Latest Research Report on AMD

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Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of Advanced Micro Devices stock in a transaction dated 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 completion of the transaction, the executive vice president owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 3,277,476 shares of the company’s stock, valued at $705,116,186.64. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 164,000 shares of company stock valued at $36,034,173 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices 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.

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

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