Advanced Micro Devices, Inc. $AMD Shares Bought by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,834 shares of the semiconductor manufacturer’s stock after buying an additional 398 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Advanced Micro Devices were worth $686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Milestone Asset Management LLC grew its position in Advanced Micro Devices by 20.4% during the second quarter. Milestone Asset Management LLC now owns 18,849 shares of the semiconductor manufacturer’s stock valued at $2,675,000 after buying an additional 3,195 shares during the period. NewSquare Capital LLC lifted its holdings in Advanced Micro Devices by 159.2% during the second quarter. NewSquare Capital LLC now owns 1,112 shares of the semiconductor manufacturer’s stock valued at $158,000 after purchasing an additional 683 shares in the last quarter. Elyxium Wealth LLC lifted its holdings in Advanced Micro Devices by 8.7% during the second quarter. Elyxium Wealth LLC now owns 2,963 shares of the semiconductor manufacturer’s stock valued at $420,000 after purchasing an additional 237 shares in the last quarter. Magnolia Capital Advisors LLC lifted its holdings in Advanced Micro Devices by 1.3% during the second quarter. Magnolia Capital Advisors LLC now owns 7,896 shares of the semiconductor manufacturer’s stock valued at $1,120,000 after purchasing an additional 104 shares in the last quarter. Finally, Prosperity Consulting Group LLC lifted its holdings in Advanced Micro Devices by 72.2% during the second quarter. Prosperity Consulting Group LLC now owns 6,874 shares of the semiconductor manufacturer’s stock valued at $975,000 after purchasing an additional 2,881 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 $250.05 on Wednesday. The company’s 50-day moving average price is $194.76 and its 200-day moving average price is $156.06. 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 market cap of $405.79 billion, a P/E ratio of 143.71, a P/E/G ratio of 2.42 and a beta of 1.90. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The business had revenue of $7.69 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same period in the prior year, the business posted $0.69 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Evercore ISI increased their price objective on shares of Advanced Micro Devices from $188.00 to $240.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. UBS Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Wedbush increased their price objective on shares of Advanced Micro Devices from $190.00 to $270.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. Piper Sandler set a $280.00 price objective on shares of Advanced Micro Devices and gave the company an “overweight” rating in a report on Wednesday. Finally, Truist Financial reissued a “buy” rating and issued a $273.00 price target (up from $213.00) on shares of Advanced Micro Devices in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.82.

Insider Buying and Selling

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $226.01, for a total value of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares in the company, valued at $2,041,548.33. The trade was a 24.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the business’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the transaction, the executive vice president owned 313,848 shares in the company, valued at $50,507,558.64. The trade was a 5.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 274,118 shares of company stock worth $46,180,719 over the last ninety days. 0.06% of the stock is currently owned by insiders.

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.