Kore Private Wealth LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,892 shares of the semiconductor manufacturer’s stock after purchasing an additional 166 shares during the period. Kore Private Wealth LLC’s holdings in Advanced Micro Devices were worth $460,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Atreides Management LP bought a new stake in shares of Advanced Micro Devices during the 1st quarter worth approximately $237,690,000. Carmignac Gestion bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $211,046,000. Artisan Partners Limited Partnership lifted its holdings in shares of Advanced Micro Devices by 17.0% during the 2nd quarter. Artisan Partners Limited Partnership now owns 12,858,635 shares of the semiconductor manufacturer’s stock worth $1,207,812,000 after acquiring an additional 1,870,196 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Advanced Micro Devices by 49.1% during the 1st quarter. Van ECK Associates Corp now owns 4,874,035 shares of the semiconductor manufacturer’s stock worth $382,611,000 after acquiring an additional 1,605,887 shares during the period. Finally, Trivest Advisors Ltd bought a new stake in shares of Advanced Micro Devices during the 2nd quarter worth approximately $133,850,000. 66.49% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on AMD shares. Northland Securities upped their price objective on shares of Advanced Micro Devices from $116.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 28th. Susquehanna upped their price objective on shares of Advanced Micro Devices from $125.00 to $130.00 and gave the stock a “positive” rating in a research report on Wednesday, July 28th. Zacks Investment Research cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $124.00 price objective for the company. in a research report on Tuesday, September 28th. Jefferies Financial Group assumed coverage on shares of Advanced Micro Devices in a research report on Wednesday, July 28th. They set a “buy” rating and a $110.00 price objective for the company. Finally, Piper Sandler upped their price target on shares of Advanced Micro Devices from $110.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, September 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $106.52.
Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Monday, July 26th. The semiconductor manufacturer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.09. Advanced Micro Devices had a net margin of 25.76% and a return on equity of 39.20%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 99.3% compared to the same quarter last year. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.27 EPS for the current year.
In other news, SVP Forrest Eugene Norrod sold 28,500 shares of the stock in a transaction dated Thursday, July 29th. The shares were sold at an average price of $98.78, for a total value of $2,815,230.00. Following the completion of the sale, the senior vice president now owns 297,141 shares in the company, valued at $29,351,587.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, August 24th. The stock was sold at an average price of $108.08, for a total transaction of $13,510,000.00. Following the sale, the chief executive officer now owns 2,816,603 shares of the company’s stock, valued at approximately $304,418,452.24. The disclosure for this sale can be found here. Insiders sold 382,420 shares of company stock worth $40,697,482 over the last ninety days. Insiders own 1.00% of the company’s stock.
About Advanced Micro Devices
Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.
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