Regent Peak Wealth Advisors LLC Purchases Shares of 6,373 Advanced Micro Devices, Inc. $AMD

Regent Peak Wealth Advisors LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,373 shares of the semiconductor manufacturer’s stock, valued at approximately $1,031,000.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer’s stock valued at $5,551,000 after acquiring an additional 29,438 shares during the period. Revolve Wealth Partners LLC increased its stake in Advanced Micro Devices by 2.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer’s stock valued at $1,001,000 after purchasing an additional 234 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Advanced Micro Devices by 1.6% in the first quarter. Gabelli Funds LLC now owns 42,150 shares of the semiconductor manufacturer’s stock valued at $4,330,000 after buying an additional 650 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Advanced Micro Devices by 114.7% during the first quarter. Gamco Investors INC. ET AL now owns 4,077 shares of the semiconductor manufacturer’s stock valued at $419,000 after buying an additional 2,178 shares during the last quarter. Finally, Redwood Investment Management LLC bought a new stake in shares of Advanced Micro Devices during the first quarter worth about $295,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent research reports. Benchmark raised their price target on shares of Advanced Micro Devices from $270.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Rosenblatt Securities restated a “buy” rating and issued a $300.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Bank of America reaffirmed a “buy” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Cantor Fitzgerald set a $300.00 price target on Advanced Micro Devices in a report on Tuesday, December 16th. Finally, Seaport Res Ptn cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.06.

Read Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $214.80 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.68 and a current ratio of 2.31. The company has a market capitalization of $349.69 billion, a PE ratio of 106.33, a price-to-earnings-growth ratio of 1.59 and a beta of 1.93. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The company has a 50-day simple moving average of $228.77 and a 200 day simple moving average of $185.06.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. During the same quarter last year, the business posted $0.92 EPS. Advanced Micro Devices’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total value 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 approximately $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices 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 of the company’s stock, valued at $2,041,548.33. The trade was a 24.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 181,226 shares of company stock worth $39,877,820 over the last three months. Company insiders own 0.06% of the company’s stock.

About Advanced Micro Devices

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

Further Reading

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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