Advanced Micro Devices, Inc. $AMD Stock Position Raised by Milestones Administradora de Recursos Ltda.

Milestones Administradora de Recursos Ltda. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 80.9% in the third quarter, HoldingsChannel reports. The firm owned 39,500 shares of the semiconductor manufacturer’s stock after acquiring an additional 17,660 shares during the period. Advanced Micro Devices makes up approximately 2.2% of Milestones Administradora de Recursos Ltda.’s holdings, making the stock its 10th largest holding. Milestones Administradora de Recursos Ltda.’s holdings in Advanced Micro Devices were worth $6,391,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC increased its position in Advanced Micro Devices by 39.7% during the third quarter. ORG Wealth Partners LLC now owns 162 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 46 shares during the last quarter. Pinney & Scofield Inc. grew its stake in shares of Advanced Micro Devices by 81.0% during the 2nd quarter. Pinney & Scofield Inc. now owns 190 shares of the semiconductor manufacturer’s stock valued at $27,000 after purchasing an additional 85 shares during the period. Dogwood Wealth Management LLC grew its stake in shares of 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 shares of 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 last quarter. Finally, Signature Resources Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 170.4% in the 3rd quarter. Signature Resources Capital Management LLC now owns 219 shares of the semiconductor manufacturer’s stock worth $35,000 after purchasing an additional 138 shares during the period. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Up 2.3%

AMD stock opened at $259.68 on Monday. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. The company has a market capitalization of $422.77 billion, a price-to-earnings ratio of 128.56, a PEG ratio of 1.08 and a beta of 1.95. The business has a 50 day simple moving average of $218.66 and a two-hundred day simple moving average of $199.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings data 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. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The firm had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter last year, the business posted $0.92 earnings per share. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. HSBC boosted their target price on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Rosenblatt Securities reissued a “buy” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Dbs Bank upgraded Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada initiated coverage on Advanced Micro Devices in a report on Wednesday, January 14th. They set a “sector perform” rating and a $230.00 price target for the company. Two research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $279.67.

Get Our Latest Research Report on Advanced Micro Devices

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated 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 approximately $705,116,186.64. The trade was a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ava Hahn sold 2,442 shares of the 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 transaction, the senior vice president directly owned 16,359 shares of the company’s stock, valued at approximately $3,834,876.78. The trade was a 12.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 164,000 shares of company stock worth $36,034,173 in the last quarter. 0.06% of the stock is owned by company insiders.

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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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