Boothe Investment Group Inc. Sells 30,341 Shares of Advanced Micro Devices, Inc. $AMD

Boothe Investment Group Inc. reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 37.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,211 shares of the semiconductor manufacturer’s stock after selling 30,341 shares during the quarter. Advanced Micro Devices makes up 3.0% of Boothe Investment Group Inc.’s investment portfolio, making the stock its 12th largest holding. Boothe Investment Group Inc.’s holdings in Advanced Micro Devices were worth $8,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AMD. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 1.5% during the second quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer’s stock valued at $21,944,673,000 after purchasing an additional 2,281,508 shares in the last quarter. State Street Corp increased its stake in Advanced Micro Devices by 0.8% in the 2nd quarter. State Street Corp now owns 72,069,259 shares of the semiconductor manufacturer’s stock valued at $10,226,628,000 after buying an additional 581,330 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer’s stock worth $5,181,556,000 after buying an additional 514,445 shares in the last quarter. Norges Bank purchased a new position in shares of Advanced Micro Devices in the 2nd quarter worth approximately $3,094,662,000. Finally, Invesco Ltd. grew its holdings in shares of Advanced Micro Devices by 6.1% in the second quarter. Invesco Ltd. now owns 12,534,569 shares of the semiconductor manufacturer’s stock valued at $1,778,655,000 after acquiring an additional 715,557 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMD. Piper Sandler reiterated an “overweight” rating and set a $280.00 price target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Dbs Bank upgraded Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 6th. Evercore ISI increased 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 report on Wednesday, November 12th. Wedbush reaffirmed an “outperform” rating and issued a $290.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Finally, Roth Capital reiterated a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $277.06.

Check Out Our Latest Analysis on AMD

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,108 shares of the business’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 transaction, the executive vice president owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 178,358 shares of company stock worth $39,229,623. 0.06% of the stock is owned by company insiders.

More Advanced Micro Devices News

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

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $207.69 on Tuesday. 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 one year low of $76.48 and a one year high of $267.08. The firm has a market capitalization of $338.13 billion, a P/E ratio of 102.82, a PEG ratio of 0.86 and a beta of 1.95. The business has a fifty day moving average price of $220.29 and a 200-day moving average price of $193.07.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $9.25 billion for 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%.The firm’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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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