Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Tyler Stone Wealth Management

Tyler Stone Wealth Management increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 140.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,885 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,528 shares during the period. Tyler Stone Wealth Management’s holdings in Advanced Micro Devices were worth $2,114,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Creative Capital Management Investments LLC grew its position in Advanced Micro Devices by 124.6% in the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after buying an additional 86 shares in the last quarter. ZRC Wealth Management LLC increased its stake in shares of Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 75 shares during the period. Morton Brown Family Wealth LLC raised its holdings in Advanced Micro Devices by 94.4% during the second quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 85 shares in the last quarter. Fairway Wealth LLC bought a new stake in Advanced Micro Devices during the second quarter worth approximately $27,000. Finally, Semmax Financial Advisors Inc. lifted its position in Advanced Micro Devices by 926.7% in the first quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related 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 directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction 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 $41,558,469.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMD. Morgan Stanley dropped their price objective on Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. TD Cowen reduced their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Truist Financial dropped their target price on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a report on Wednesday, July 31st. Finally, Susquehanna restated a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $1.87 during trading on Friday, reaching $147.95. The stock had a trading volume of 27,560,342 shares, compared to its average volume of 39,564,684. The stock has a fifty day simple moving average of $154.44 and a two-hundred day simple moving average of $155.52. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $113.06 and a 52 week high of $227.30. The firm has a market capitalization of $240.09 billion, a price-to-earnings ratio of 133.29, a P/E/G ratio of 2.01 and a beta of 1.71.

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

Advanced Micro Devices 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.