Thomas Story & Son LLC Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Thomas Story & Son LLC boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,660 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,079 shares during the period. Advanced Micro Devices makes up 3.9% of Thomas Story & Son LLC’s portfolio, making the stock its 11th biggest position. Thomas Story & Son LLC’s holdings in Advanced Micro Devices were worth $9,461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Advanced Micro Devices by 31.7% in the 3rd quarter. Assetmark Inc. now owns 242,054 shares of the semiconductor manufacturer’s stock valued at $39,716,000 after purchasing an additional 58,253 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Advanced Micro Devices by 20.1% in the third quarter. Verdence Capital Advisors LLC now owns 11,220 shares of the semiconductor manufacturer’s stock worth $1,841,000 after buying an additional 1,875 shares during the last quarter. Beta Wealth Group Inc. raised its holdings in Advanced Micro Devices by 12.8% in the third quarter. Beta Wealth Group Inc. now owns 5,300 shares of the semiconductor manufacturer’s stock valued at $870,000 after acquiring an additional 600 shares in the last quarter. Executive Wealth Management LLC bought a new position in Advanced Micro Devices during the 3rd quarter valued at $8,676,000. Finally, United Bank bought a new position in Advanced Micro Devices during the 3rd quarter valued at $516,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $147.95 on Friday. The stock has a market cap of $240.09 billion, a price-to-earnings ratio of 133.29, a PEG ratio of 1.94 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 12 month low of $113.06 and a 12 month high of $227.30. The stock’s 50 day moving average price is $154.44 and its 200 day moving average price is $155.52.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMD. Susquehanna reissued a “positive” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Morgan Stanley reduced their target price on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. TD Cowen lowered their price target on Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.79.

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.