Trifecta Capital Advisors LLC Buys 2,167 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Trifecta Capital Advisors LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 22,984 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,167 shares during the period. Trifecta Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $3,728,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fortis Capital Advisors LLC boosted its position in Advanced Micro Devices by 137.8% during the fourth quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer’s stock valued at $1,840,000 after acquiring an additional 7,235 shares during the last quarter. Chapin Davis Inc. boosted its position in shares of Advanced Micro Devices by 613.4% during the 1st quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer’s stock valued at $2,213,000 after purchasing an additional 10,544 shares in the last quarter. Gordian Capital Singapore Pte Ltd grew its stake in Advanced Micro Devices by 77.4% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer’s stock worth $7,237,000 after purchasing an additional 21,417 shares during the period. GW&K Investment Management LLC lifted its stake in Advanced Micro Devices by 11.5% in the fourth quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer’s stock valued at $121,000 after buying an additional 85 shares during the period. Finally, Bank of New Hampshire boosted its holdings in shares of Advanced Micro Devices by 811.3% during the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer’s stock worth $1,456,000 after buying an additional 7,180 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $142.84 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.82. The company has a market capitalization of $231.18 billion, a PE ratio of 210.06, a price-to-earnings-growth ratio of 1.83 and a beta of 1.69. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a 50-day simple moving average of $150.49 and a 200 day simple moving average of $162.32.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. Advanced Micro Devices’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AMD shares. Truist Financial lowered their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. Susquehanna reissued a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Edward Jones assumed coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating for the company. Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, Bank of America decreased their price objective on Advanced Micro Devices from $195.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.45.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.