Cim Investment Management Inc. Buys 9,700 Shares of Advanced Micro Devices, Inc. $AMD

Cim Investment Management Inc. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 99.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,441 shares of the semiconductor manufacturer’s stock after purchasing an additional 9,700 shares during the period. Cim Investment Management Inc.’s holdings in Advanced Micro Devices were worth $2,553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Advisory LLC lifted its stake in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Cornerstone Advisory LLC now owns 4,271 shares of the semiconductor manufacturer’s stock valued at $606,000 after acquiring an additional 57 shares during the last quarter. King Wealth Management Group raised its position in Advanced Micro Devices by 2.1% in the second quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock valued at $428,000 after purchasing an additional 62 shares during the last quarter. Synergy Financial Group LTD raised its position in Advanced Micro Devices by 2.0% in the second quarter. Synergy Financial Group LTD now owns 3,309 shares of the semiconductor manufacturer’s stock valued at $470,000 after purchasing an additional 64 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 14.8% during the second quarter. Tortoise Investment Management LLC now owns 503 shares of the semiconductor manufacturer’s stock valued at $71,000 after purchasing an additional 65 shares in the last quarter. Finally, Tritonpoint Wealth LLC grew its holdings in shares of Advanced Micro Devices by 2.6% during the second quarter. Tritonpoint Wealth LLC now owns 2,857 shares of the semiconductor manufacturer’s stock worth $405,000 after purchasing an additional 72 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares of the company’s stock, valued at approximately $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction that occurred 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 directly 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 183,476 shares of company stock valued at $40,249,093. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Price Performance

AMD stock opened at $210.78 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The firm has a market cap of $343.16 billion, a price-to-earnings ratio of 104.35, a PEG ratio of 1.56 and a beta of 1.93. The company’s fifty day simple moving average is $231.11 and its 200 day simple moving average is $179.57. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMD shares. UBS Group raised their price objective on shares of Advanced Micro Devices from $265.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Evercore ISI raised their price target on shares of Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. lifted their price target on shares of Advanced Micro Devices from $180.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Wedbush restated an “outperform” rating and issued a $290.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Finally, Melius Research set a $380.00 target price on Advanced Micro Devices in a research report on Wednesday, November 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target 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.