Bosman Wealth Management LLC Buys Shares of 5,559 Advanced Micro Devices, Inc. $AMD

Bosman Wealth Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 5,559 shares of the semiconductor manufacturer’s stock, valued at approximately $899,000.

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

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $207.69 on Tuesday. The business has a fifty day moving average price of $220.29 and a two-hundred day moving average price of $193.07. The stock has a market capitalization of $338.13 billion, a PE ratio of 102.82, a P/E/G ratio of 0.86 and a beta of 1.95. 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 fifty-two week low of $76.48 and a fifty-two week high of $267.08.

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

Insider Activity

In other 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 value of $4,107,972.96. Following the completion of the transaction, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the sale, the executive vice president owned 300,348 shares in the company, valued at $68,890,820.76. This represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 178,358 shares of company stock worth $39,229,623. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Benchmark raised their price objective on shares of Advanced Micro Devices from $270.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Citigroup increased their target price on Advanced Micro Devices from $215.00 to $260.00 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 target on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Wolfe Research set a $300.00 price objective on Advanced Micro Devices and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Saturday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $277.06.

Check Out Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices News Summary

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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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