Advanced Micro Devices, Inc. $AMD Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,811 shares of the semiconductor manufacturer’s stock after buying an additional 10,336 shares during the period. Orion Porfolio Solutions LLC’s holdings in Advanced Micro Devices were worth $10,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Munro Partners acquired a new position in Advanced Micro Devices in the 2nd quarter valued at $89,888,000. Thrivent Financial for Lutherans grew its holdings in shares of Advanced Micro Devices by 14.2% during the second quarter. Thrivent Financial for Lutherans now owns 127,388 shares of the semiconductor manufacturer’s stock worth $18,150,000 after buying an additional 15,838 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Advanced Micro Devices in the second quarter valued at about $4,614,000. Stance Capital LLC purchased a new position in shares of Advanced Micro Devices in the second quarter worth about $1,588,000. Finally, Cim Investment Management Inc. lifted its stake in shares of Advanced Micro Devices by 99.6% in the second quarter. Cim Investment Management Inc. now owns 19,441 shares of the semiconductor manufacturer’s stock worth $2,553,000 after buying an additional 9,700 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMD. Citigroup increased their price objective on shares of Advanced Micro Devices from $215.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Evercore ISI increased their price target on Advanced Micro Devices from $270.00 to $283.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. Erste Group Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Truist Financial reaffirmed a “buy” rating and issued a $279.00 target price (up from $273.00) on shares of Advanced Micro Devices in a research note on Wednesday, November 5th. Finally, Mizuho boosted their price target on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the transaction, the executive vice president directly owned 300,348 shares in the company, valued at $68,890,820.76. This trade represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the completion of the sale, the chief executive officer owned 3,277,476 shares in the company, valued at $705,116,186.64. This represents a 3.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 183,476 shares of company stock worth $40,249,093 over the last quarter. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $210.78 on Monday. The stock has a fifty day simple moving average of $231.11 and a 200-day simple moving average of $180.04. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. The stock has a market cap of $343.16 billion, a PE ratio of 104.35, a P/E/G ratio of 1.56 and a beta of 1.93. 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 earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to analysts’ expectations of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. Advanced Micro Devices’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.