Nvwm LLC Buys 1,519 Shares of Advanced Micro Devices, Inc. $AMD

Nvwm LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,895 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,519 shares during the period. Advanced Micro Devices comprises 0.9% of Nvwm LLC’s portfolio, making the stock its 26th biggest holding. Nvwm LLC’s holdings in Advanced Micro Devices were worth $3,533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Advanced Micro Devices by 1.4% during the first quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock valued at $15,654,222,000 after buying an additional 2,157,199 shares during the period. Amundi grew its position in shares of Advanced Micro Devices by 8.0% during the 1st quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock valued at $1,677,014,000 after acquiring an additional 1,319,064 shares during the period. Invesco Ltd. increased its stake in shares of Advanced Micro Devices by 4.0% in the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Advanced Micro Devices by 4.6% in 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 purchasing an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in Advanced Micro Devices by 131.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $237.70 on Friday. The stock has a market cap of $385.75 billion, a price-to-earnings ratio of 136.61, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49. The stock has a 50 day moving average price of $197.92 and a 200-day moving average price of $157.32. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor manufacturer reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.41 billion. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.69 earnings per share. Equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling

In related news, SVP Ava Hahn sold 2,868 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the completion of the transaction, the senior vice president 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total value of $1,732,100.00. Following the completion of the transaction, the executive vice president directly owned 125,505 shares in the company, valued at $21,738,721.05. This trade represents a 7.38% decrease in their position. 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 three months. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMD shares. The Goldman Sachs Group raised their price objective on Advanced Micro Devices from $150.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Piper Sandler raised their price objective on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the company an “overweight” rating in a research report on Wednesday. Melius Research set a $300.00 target price on shares of Advanced Micro Devices in a report on Monday, October 6th. JPMorgan Chase & Co. boosted their price objective on Advanced Micro Devices from $180.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Truist Financial reissued a “buy” rating and set a $279.00 target price (up previously from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $263.26.

Advanced Micro Devices Company Profile

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.