Brown Advisory Inc. bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 78,607 shares of the semiconductor manufacturer’s stock, valued at approximately $2,428,000.
Several other institutional investors and hedge funds have also made changes to their positions in AMD. MinichMacGregor Wealth Management LLC lifted its holdings in Advanced Micro Devices by 257.7% during the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 3,219 shares of the semiconductor manufacturer’s stock worth $101,000 after buying an additional 2,319 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in Advanced Micro Devices by 953.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 6,847 shares of the semiconductor manufacturer’s stock worth $135,000 after buying an additional 6,197 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Advanced Micro Devices during the 2nd quarter worth $140,000. Wealthsource Partners LLC acquired a new position in Advanced Micro Devices during the 2nd quarter worth $151,000. Finally, Zurich Insurance Group Ltd FI acquired a new position in Advanced Micro Devices during the 2nd quarter worth $151,000. 59.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of Advanced Micro Devices stock opened at $19.46 on Friday. The firm has a market cap of $21.29 billion, a price-to-earnings ratio of 59.17, a price-to-earnings-growth ratio of 4.38 and a beta of 3.68. Advanced Micro Devices, Inc. has a 52 week low of $9.04 and a 52 week high of $34.14. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.76 and a quick ratio of 1.37.
Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Wednesday, October 24th. The semiconductor manufacturer reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Advanced Micro Devices had a net margin of 5.51% and a return on equity of 47.21%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 0.35 EPS for the current year.
In related news, SVP Forrest Eugene Norrod sold 62,500 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $32.51, for a total value of $2,031,875.00. Following the completion of the sale, the senior vice president now owns 955,790 shares in the company, valued at approximately $31,072,732.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark D. Papermaster sold 50,000 shares of the company’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $32.51, for a total transaction of $1,625,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 579,890 shares of company stock valued at $13,918,336 in the last quarter. Corporate insiders own 1.80% of the company’s stock.
Several research analysts have issued reports on the company. Craig Hallum upped their price objective on Advanced Micro Devices from $21.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, November 7th. Robert W. Baird reaffirmed a “hold” rating and set a $25.00 price objective on shares of Advanced Micro Devices in a report on Friday, November 2nd. BidaskClub downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Cowen reduced their price objective on Advanced Micro Devices from $33.00 to $26.00 and set an “outperform” rating on the stock in a report on Tuesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on Advanced Micro Devices to $18.00 and gave the stock a “neutral” rating in a report on Friday, October 26th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus price target of $23.65.
Advanced Micro Devices Profile
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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