Dnca Finance Has $8.06 Million Holdings in Advanced Micro Devices, Inc. $AMD

Dnca Finance grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 73.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,800 shares of the semiconductor manufacturer’s stock after acquiring an additional 24,000 shares during the period. Dnca Finance’s holdings in Advanced Micro Devices were worth $8,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of AMD. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Advanced Micro Devices by 10.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,241 shares of the semiconductor manufacturer’s stock valued at $176,000 after purchasing an additional 117 shares in the last quarter. Ardmore Road Asset Management LP lifted its holdings in Advanced Micro Devices by 300.0% during the 2nd quarter. Ardmore Road Asset Management LP now owns 600,000 shares of the semiconductor manufacturer’s stock worth $85,140,000 after buying an additional 450,000 shares in the last quarter. Stenger Family Office LLC bought a new position in Advanced Micro Devices in the 2nd quarter valued at $302,000. Nkcfo LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at $1,249,000. Finally, Victory Financial Group LLC increased its stake in shares of Advanced Micro Devices by 67.7% in the 2nd quarter. Victory Financial Group LLC now owns 6,753 shares of the semiconductor manufacturer’s stock valued at $958,000 after buying an additional 2,727 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. This trade represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 75,676 shares of company stock worth $16,124,589 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Up 0.9%

Advanced Micro Devices stock opened at $217.97 on Friday. The firm has a market capitalization of $354.86 billion, a price-to-earnings ratio of 107.91, a PEG ratio of 1.61 and a beta of 1.93. The company’s 50 day simple moving average is $225.61 and its 200 day simple moving average is $175.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 earnings per share. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research reports. Seaport Res Ptn lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. CICC Research raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective for the company in a report on Friday, November 7th. JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Wells Fargo & Company lifted their price target 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. Finally, Wolfe Research set a $300.00 price objective on shares of Advanced Micro Devices and gave the company an “outperform” rating in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $278.54.

Advanced Micro Devices Company 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.