Farther Finance Advisors LLC Acquires 27,731 Shares of Advanced Micro Devices, Inc. $AMD

Farther Finance Advisors LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 115.6% during the third quarter, HoldingsChannel.com reports. The firm owned 51,717 shares of the semiconductor manufacturer’s stock after purchasing an additional 27,731 shares during the quarter. Farther Finance Advisors LLC’s holdings in Advanced Micro Devices were worth $8,367,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Berger Financial Group Inc boosted its holdings in Advanced Micro Devices by 1.1% in the third quarter. Berger Financial Group Inc now owns 4,309 shares of the semiconductor manufacturer’s stock worth $697,000 after acquiring an additional 48 shares in the last quarter. Cornerstone Advisory LLC increased its holdings in shares of Advanced Micro Devices by 1.4% during the second 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 in the last quarter. King Wealth Management Group raised its position in shares of Advanced Micro Devices by 2.1% in the 2nd quarter. King Wealth Management Group now owns 3,017 shares of the semiconductor manufacturer’s stock worth $428,000 after purchasing an additional 62 shares during the last quarter. Abound Wealth Management boosted its stake in Advanced Micro Devices by 20.3% in the 3rd quarter. Abound Wealth Management now owns 367 shares of the semiconductor manufacturer’s stock worth $59,000 after purchasing an additional 62 shares in the last quarter. Finally, Synergy Financial Group LTD grew its position in Advanced Micro Devices by 2.0% during the 2nd 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. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.0%

Advanced Micro Devices stock opened at $214.90 on Wednesday. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The stock has a fifty day moving average of $229.64 and a 200 day moving average of $184.64. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. The stock has a market cap of $349.87 billion, a PE ratio of 106.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.93.

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

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Wall Street Analyst Weigh In

AMD has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $290.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 12th. DZ Bank upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, October 8th. KGI Securities set a $260.00 target price on Advanced Micro Devices and gave the company an “outperform” rating in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a research note on Monday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $277.06.

Read Our Latest Stock Analysis on Advanced Micro Devices

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $240.12, for a total transaction of $4,107,972.96. Following the completion of 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 represents a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the transaction, the senior vice president owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 181,226 shares of company stock valued at $39,877,820. 0.06% of the stock is owned by corporate insiders.

About Advanced Micro Devices

(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.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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