GAMMA Investing LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. $AMD

GAMMA Investing LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 26,472 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,299 shares during the quarter. GAMMA Investing LLC’s holdings in Advanced Micro Devices were worth $4,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Advanced Micro Devices in the second quarter worth about $3,094,662,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at approximately $958,422,000. T. Rowe Price Investment Management Inc. boosted its holdings in Advanced Micro Devices by 131.5% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after buying an additional 5,915,185 shares during the period. Parnassus Investments LLC boosted its holdings in Advanced Micro Devices by 47,883.5% in the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock worth $425,592,000 after buying an additional 4,133,785 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in Advanced Micro Devices by 56.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 6,772,923 shares of the semiconductor manufacturer’s stock valued at $961,078,000 after buying an additional 2,430,533 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Down 1.5%

AMD opened at $207.58 on Tuesday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $231.19 and its 200-day moving average price is $180.70. The company has a market cap of $337.95 billion, a P/E ratio of 102.76, a P/E/G ratio of 1.56 and a beta of 1.93.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMD shares. Robert W. Baird set a $300.00 target price on Advanced Micro Devices in a research report on Wednesday, November 5th. Stifel Nicolaus boosted their price objective on Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Jefferies Financial Group set a $300.00 target price on Advanced Micro Devices and gave the company a “positive” rating in a research note on Monday, October 6th. Piper Sandler restated an “overweight” rating and set a $280.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Finally, Dbs Bank upgraded Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a report on Monday, October 6th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $278.54.

Insider Activity

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the sale, the senior vice president owned 9,033 shares of the company’s stock, valued at $2,041,548.33. This trade represents a 24.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $4,461,246.50. Following the completion of the transaction, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 183,476 shares of company stock worth $40,249,093 over the last ninety days. Company 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.