Daymark Wealth Partners LLC Grows Stock Holdings in Advanced Micro Devices, Inc. $AMD

Daymark Wealth Partners LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 56.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 59,316 shares of the semiconductor manufacturer’s stock after purchasing an additional 21,301 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Advanced Micro Devices were worth $9,597,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Centennial Wealth Advisory LLC lifted its holdings in shares of Advanced Micro Devices by 16.0% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 2,553 shares of the semiconductor manufacturer’s stock valued at $413,000 after buying an additional 353 shares during the period. Commonwealth Equity Services LLC increased its position in Advanced Micro Devices by 4.3% during the third quarter. Commonwealth Equity Services LLC now owns 657,578 shares of the semiconductor manufacturer’s stock valued at $106,389,000 after acquiring an additional 27,044 shares during the last quarter. Sandy Cove Advisors LLC increased its position in Advanced Micro Devices by 3.9% during the third quarter. Sandy Cove Advisors LLC now owns 5,681 shares of the semiconductor manufacturer’s stock valued at $919,000 after acquiring an additional 211 shares during the last quarter. Stanley Laman Group Ltd. bought a new position in Advanced Micro Devices in the third quarter valued at about $6,192,000. Finally, West Paces Advisors Inc. purchased a new position in Advanced Micro Devices in the third quarter worth about $216,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $223.47 on Monday. The company has a market capitalization of $363.82 billion, a P/E ratio of 110.63, a P/E/G ratio of 0.95 and a beta of 1.95. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08. The firm’s 50 day simple moving average is $226.12 and its two-hundred day simple moving average is $189.89. 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 (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The firm had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. During the same period last year, the firm earned $0.92 EPS. The company’s revenue was up 35.6% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the sale, the chief executive officer directly owned 3,277,476 shares of the company’s stock, valued at $705,116,186.64. This trade represents a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 178,358 shares of company stock worth $39,229,623. Corporate insiders own 0.06% of the company’s stock.

More Advanced Micro Devices News

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Advanced Micro Devices from $279.00 to $277.00 and set a “buy” rating for the company in a research report on Friday, December 19th. UBS Group raised their price objective on shares of Advanced Micro Devices from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft set a $235.00 target price on shares of Advanced Micro Devices and gave the company a “hold” rating in a report on Tuesday, October 14th. Wall Street Zen downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, HSBC boosted their price objective on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. 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 company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $277.06.

Check Out Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Company Profile

(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.

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

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