Knights of Columbus Asset Advisors LLC grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 20.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,674 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,967 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Advanced Micro Devices were worth $1,657,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of AMD. Brighton Jones LLC grew its position in Advanced Micro Devices by 178.2% in the 4th quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock worth $5,551,000 after purchasing an additional 29,438 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after acquiring an additional 234 shares in the last quarter. Procyon Advisors LLC boosted its position in shares of Advanced Micro Devices by 14.0% during the 1st quarter. Procyon Advisors LLC now owns 5,058 shares of the semiconductor manufacturer’s stock valued at $520,000 after acquiring an additional 621 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Advanced Micro Devices by 4.7% during the 1st quarter. UMB Bank n.a. now owns 14,463 shares of the semiconductor manufacturer’s stock valued at $1,486,000 after acquiring an additional 646 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its position in shares of Advanced Micro Devices by 16.3% during the 1st quarter. Capital Investment Advisors LLC now owns 14,954 shares of the semiconductor manufacturer’s stock valued at $1,536,000 after acquiring an additional 2,092 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.
Advanced Micro Devices Trading Up 23.7%
Shares of NASDAQ AMD opened at $203.71 on Tuesday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $226.71. The company has a market cap of $330.59 billion, a PE ratio of 117.07, a P/E/G ratio of 1.94 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $166.54 and a two-hundred day moving average of $134.48.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Stifel Nicolaus set a $240.00 target price on shares of Advanced Micro Devices in a research report on Monday. Deutsche Bank Aktiengesellschaft set a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 6th. Mizuho lifted their price target on shares of Advanced Micro Devices from $183.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, August 14th. HSBC cut their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “buy” rating for the company in a report on Tuesday, September 9th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, June 13th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.30.
Check Out Our Latest Stock Report on AMD
Insider Activity at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 225,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the sale, the chief executive officer directly owned 3,359,748 shares of the company’s stock, valued at approximately $550,897,879.56. This trade represents a 6.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 272,448 shares of company stock valued at $44,554,848. Insiders own 0.06% of the company’s stock.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
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