Diversified LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Diversified LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,302 shares of the semiconductor manufacturer’s stock, valued at approximately $214,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Bayesian Capital Management LP acquired a new position in Advanced Micro Devices during the 1st quarter worth approximately $1,144,000. Dynasty Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the 1st quarter worth $1,083,000. Ancora Advisors LLC grew its stake in shares of Advanced Micro Devices by 9.2% during the first quarter. Ancora Advisors LLC now owns 8,389 shares of the semiconductor manufacturer’s stock worth $1,514,000 after purchasing an additional 710 shares in the last quarter. Redwood Investment Management LLC purchased a new position in Advanced Micro Devices in the first quarter valued at $481,000. Finally, Clear Point Advisors Inc. raised its stake in Advanced Micro Devices by 45.3% in the first quarter. Clear Point Advisors Inc. now owns 218 shares of the semiconductor manufacturer’s stock valued at $39,000 after buying an additional 68 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

Shares of AMD opened at $141.13 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $153.45 and its two-hundred day moving average is $154.51. Advanced Micro Devices, Inc. has a twelve month low of $116.37 and a twelve month high of $227.30. The firm has a market capitalization of $229.03 billion, a PE ratio of 127.14, a P/E/G ratio of 1.91 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was up 17.6% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BNP Paribas raised Advanced Micro Devices to a “strong-buy” rating in a research report on Wednesday, July 31st. Citigroup lowered their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 3rd. Finally, Edward Jones began coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

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.