Leo Wealth LLC increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 142.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,207 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,059 shares during the period. Leo Wealth LLC’s holdings in Advanced Micro Devices were worth $739,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock worth $15,654,222,000 after acquiring an additional 2,157,199 shares during the last quarter. Amundi boosted its holdings in Advanced Micro Devices by 8.0% during the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after purchasing an additional 1,319,064 shares during the last quarter. Invesco Ltd. boosted its holdings in Advanced Micro Devices by 4.0% during the first quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock worth $1,214,285,000 after purchasing an additional 450,695 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Advanced Micro Devices by 4.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer’s stock worth $1,083,815,000 after buying an additional 466,048 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after buying an additional 5,915,185 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Stock Down 1.1%
NASDAQ AMD opened at $232.89 on Friday. The company has a market cap of $377.94 billion, a price-to-earnings ratio of 133.84, a PEG ratio of 2.77 and a beta of 1.90. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a 50 day moving average of $169.47 and a 200-day moving average of $136.53. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $240.10.
Insider Activity at Advanced Micro Devices
In other news, CEO Lisa T. Su sold 225,000 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 17,998 shares of the company’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $155.03, for a total value of $2,790,229.94. Following the completion of the transaction, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at approximately $265,676,461.30. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 275,316 shares of company stock worth $45,203,045 in the last three months. Insiders own 0.06% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on AMD. Jefferies Financial Group set a $300.00 price objective on shares of Advanced Micro Devices and gave the stock a “positive” rating in a research note on Monday. Barclays increased their price target on Advanced Micro Devices from $200.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday. Erste Group Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Susquehanna increased their price objective on Advanced Micro Devices from $135.00 to $210.00 and gave the company a “positive” rating in a report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.70.
View Our Latest Research Report on AMD
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.
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